Entries tagged "UAL Corp."
United Airlines collateralized its $175 million bond offering with spare parts from its planes.
Such is life in the airline industry these days that a company can report a $2.73 billion quarterly loss and still see its stock climb 50%. That is what happened with United Airlines Inc. parent UAL Corp. on Tuesday, which saw its stock soar despite a massive loss tied to $2.3 billion in noncash accounting charges. Excluding the one-time charges, the company's per share loss beat expectations, but its quarterly revenue was a little short of expectations. ...
A rumored merger between Continental Airlines Inc. and United Air Lines Inc. was permanently grounded this weekend, after Continental's board decided that the airline was better off flying solo. ...
