UAL improves, but still down in second quarter

Dateline: Friday July 30, 2004

Operating in a “challenging environment created by high fuel prices and soft domestic yields,” UAL Corp., parent of United Airlines, reported a $247 million net loss for the second quarter ended June 30, including $144 million in reorganization charges primarily consisting of noncash items caused by the rejection of aircraft leases.

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Still, better than sinking even further into the red. Here’s to a more prosperous Q3 for UAL!