The holding company whose primary subsidiary is United Airlines<.>, or the UAL Corporation, last week posted its first-quarter financial results and…
The holding company whose primary subsidiary is United Airlines<.>, or the UAL Corporation, last week posted its first-quarter financial results and said that it incurred a loss of US $305 million or a loss per basic share of US $5.82, excluding the cumulative effect of a change in accounting principle. This compares to first-quarter 2000 net earnings of US $136 million, or US $0.84 per share, also excluding the cumulative effect of a separate change in accounting principle as well as a one-time charge associated with the asset write-down and losses related to subleases on certain non-operating aircraft. Despite the difficult economic environment in the first quarter, United continued to develop its core airline business and build strategic businesses that leverage the value of the united franchise.
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