Air Transport World

United Airlines: united.com.(North America)(financial results)

UAL Corp. formally, and finally, exited bankruptcy on Feb. 1, 2006, after 1,150 days during which it cut annual costs by some $7 billion including more than $3 billion in concessions from labor unions, reduced and reconfigured its fleet to fly more profitable international routes, launched its three-class transcontinental PS service using 757s and launched low-fare unit Ted which operates 56 single-class A320s to leisure destinations. The financial restructuring was supported by $3 billion in exit financing and United stock now trades under the UAUA symbol.

But it is not clear whether the company has reduced its costs sufficiently to achieve profitability and stay level with its competitors, some of whom are going through their own reorganizations. …

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