7am News, Sports and Obits

Latest WGIL news
Click to play or
Right click and "Save Target As" to download
Click for Galesburg, Illinois Forecast
Home - Cancellations - Community Events - Contact Us - Mornings - News - Obituaries - Pictures - Programs - Special Events Audio - Sports - Weather
United Posts $273M Profit
MINNEAPOLIS (AP) -- The parent of United Airlines says it earned $273 million in the second quarter, its best result in almost three years.

UAL Corp.'s quarterly revenue rose 28.4 percent to $5.16 billion.

Several things improved for the nation's third-biggest airline. Passenger revenue rose more than 28 percent compared to the same period last year. Cargo revenue increased 57 percent.

The company finished the quarter with $5.17 billion in cash.

Not counting special charges, UAL said it would have earned $430 million, or $1.95 per share.

Analysts surveyed by Thomson Reuters were expecting a profit of $1.74 per share on revenue of $5.11 billion.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
07 20 10 by Newsroom
News management powered by Xpression News

Click here for the WGIL News Archive

Click here for national news

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.