NEW YORK: The parent of United Airlines, the world's biggest airline, reported Thursday a steep fall in second-quarter profit on weak revenue growth.
United Continental Holdings, Inc. said it had net income of $339 million in the April-June period, compared with $538 million in the year-ago period.
Earnings of $1.41 per share, excluding special items, fell far short of the $1.70 expected by analysts.
The company, known by its ticker symbol UAL, said revenues edged up 1.3 percent, to $9.9 billion, missing estimates of $10.0 billion.
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