United Posts Biggest Profit Since 2000
Quote:
UAL Reports $274 Million 2Q Profit, Biggest Since 2000
By Dave Carpenter, AP Business Writer
Tuesday July 24, 10:27 am ET
CHICAGO (AP) -- United Airlines parent company UAL Corp. reported its biggest quarterly profit in seven years Tuesday, a $274 million gain that reflected fuller planes during a busy summer travel season, cost reductions and especially strong results from its international flights.
The second-quarter results easily topped Wall Street estimates and more than doubled the company's earnings from a year ago, when it finished in the black for the first time since 2000. Its shares rose 4 percent in morning trading.
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Re: United Posts Biggest Profit Since 2000
I have to say I'm happy for these guys. I didn't really think they'd make it, but they have a long history and deserved it.
Re: United Posts Biggest Profit Since 2000
Heres to UA. I really do not like Tilton and I do not think his intentions of the company are the best but since he is stuck with them for now I guess he is doing okay.