United Airlines profit plunges 37pc in Q2

26 Jul, 2012

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.

Copyright APP (Associated Press of Pakistan), 2012

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