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UAL earns USD 119m in the second quarter of 2006

Washington, USA - It is the first profit since 2000

United Airlines, which emerged from bankruptcy in February, posted a profit of USD 110m in the second quarter of 2006: it is its first profit since 2000, thanks to a strong demand and to cost cuts that offset 31% rise of fuel costs. The carrier used bankruptcy protection to cut its costs by USD 7bn a year, managing to increase operating revenues by 16% to USD 5.11bn. UAL made known it intends to improve...

AVIONEWS - World Aeronautical Press Agency - 146145

AVIONEWS - World Aeronautical Press Agency
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