United’s Profitable $1.4 Billion Loss
July 29 2005 08:20 am
You’ll probably see articles today mentioning United Airlines’ $1.4 billion second quarter loss. Yes, that’s a boatload of money. Except that it isn’t. Virtually all of that is from writeoffs related to their (yet still) ongoing restructuring. The carrier actually posted a small operating profit. Really. And while posting a profit while under bankruptcy is not exactly a reason to break out the champagne, it’s a sign of life and a bit of good news as United looks to exit bankruptcy this fall.
