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United Airlines, a loss of 1.3 billion dollars
Atlanta, USA - The emblem of the US market's crisis
UAL Corp, the parent company of Chicago-based United Airlines, reported a net loss of 1.3 billion dollars in the quarter, hurt on erosion in the value of its fuel hedge program as oil prices fell. United had begun trimming flight capacity last year as jet-fuel costs soared. It have continued as the recession has curbed travel demand, even as fuel prices have declined.
AVIONEWS - World Aeronautical Press Agency - 1098819
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency