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UAL reports $1.16 billion loss.(The Dallas Morning News)
DALLAS _ UAL Corp., parent of United Airlines Inc., said Thursday it lost $1.16 billion in the third quarter as revenues dropped, costs rose and write-offs mounted after the Sept. 11 terrorist attacks.
By itself, UAL's quarterly loss would have marked the fifth worst year in the U.S. airline industry's history _ for all airlines combined.
UAL's huge losses made Delta Air Lines Inc.'s $262 million loss, also announced Thursday, seem mild by comparison, even though it was the first third quarter loss reported by Delta in nine years and one of its worst quarterly losses ever.
The earnings reports from UAL, the nation's second largest airline, and No. 3 Delta came on the same day that rating agency Fitch issued a pessimistic prediction about the recovery of the airline industry.
Fitch, echoing what the airlines have been saying as they ...
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UAL BOARD ISSUES STATEMENT ON UEAC PROPOSAL CHICAGO, Oct. 9 /PRNewswire/ -- UAL Corp. (NYSE: UAL) announced today that, due to the inability of United Employee Acquisition Corp. (UEAC) to arrange the financing for its proposed acquisition...
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CHICAGO, June 30 /PRNewswire/ -- UAL Corporation (NYSE: UAL) and United Air Lines, Inc. announced today that they...interests in $410,400,000 liquidation preference of UAL's Series B Preferred Stock. The Series B Preferred Stock...
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- Press release article from: PR Newswire March 4, 2003 700+ words
...200 million or more against UAL companies. The company noted that further sales of UAL stock by State Street may lower...company benefit plans below 20 percent, triggering "Sunset" provisions...recent Form 10-Q) that affect UAL's corporate governance structure...
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CHICAGO, Jan. 13 /PRNewswire/ -- UAL Corp. (NYSE: UAL), parent company of the world's largest airline, has...telecommunications requirements at all of the approximately 500 UAL locations in U.S., overseeing the provision of voice...
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- Press release article from: PR Newswire November 1, 1999 700+ words
UAL Initiates Steps for Common Stock Dividend in 2000 CHICAGO, Nov. 1 /PRNewswire/ -- UAL Corporation (NYSE: UAL) today announced that the board of directors has approved plans to...
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- Magazine article from: Crain's Chicago Business Johnsson, Julie Merrion, Paul December 9, 2002 700+ words
...one certainty in the financial meltdown of UAL Corp., parent of United Airlines: Its...fought and ugly. Elk Grove Township-based UAL's reorganization under Chapter 11 is expected...complexity and rich history of labor tension, UAL is already working at a disadvantage. A...
Source: HighBeam Research, UAL reports $1.16 billion loss.(The Dallas Morning News)