Although United Airlines parent UAL (Nasdaq: UAUA) swung to a loss of $6.13 per share for the third quarter compared with earnings of $2.21 per share a year earlier due to soaring fuel expenses, the results were better than expected. The airliner expects extra fees and cost cutting measures to return the carrier to profitability. The stock price climbed $1.97 to $15.77.
UAL Swings To Loss
October 22, 2008 at 13:16 PM EDT