United's Finances Are Looking Up

Based on preliminary results, UAL, parent of United Airlines, said it expects to report second-quarter earnings that will be more than double what was expected. That earnings report is expected on July 31. UAL attributed its rosier-than-expected financial performance to strong revenue growth and cost-cutting measures. The company emerged from bankruptcy protection in February, and said it expects net income for the quarter to be about $119 million, compared with a loss of $26 million for the same quarter a year ago.

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