United Airlines reports both profit and loss
United Airlines, the US’s second largest carriers, reported its largest quarterly loss ever of $1.8 billion, but still had operating earnings of $165 million.
The net loss was related to restructuring charges mainly involving aircraft leases. And the earnings profit was viewed in a positive light by the carrier.
Said President Glenn Tilton in a statement:
“United is a fundamentally better company today with sustainable improvements across the business, and solid operational performance. The results we are reporting made it clear that we have done well this quarter in overall cost control, especially given the significant reduction in capacity.”
The losses were generally attributed to higher fuel prices and costs to emerge from bankruptcy.
United officials said the results indicated the company was on target for a plan to exit bankruptcy by early 2006.
United’s operating profit margin of 3.5% outdid that of its closest competitor, No 1 American Airlines, reported USA Today.
For the first time in recent years, fuel eclipsed labor as the airline’s biggest costs, according to CEO Jake Brace.
Report by David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026