28-Jan-2010 2:57 PM
United Airlines reports 4Q2009 financial results
Direct News Source
Losses Narrow, Liquidity Strengthened, Operational Improvements Continue
$176 Million 4Q09 Net Loss, Excluding Charges; $391 Million Improvement From Prior Year. $240 Million 4Q09 GAAP Net Loss; $1.1 Billion Improvement From Prior Year. Breakeven on Operating Basis Excluding Charges; $74 Million 4Q09 GAAP Operating Loss. Increased Unrestricted Cash Balance by $1 Billion During 2009 No. 1 On-Time Network Carrier for 2009 Based on Preliminary Industry Results.
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