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UAL reports January results; Meets DIP covenant EBITDAR for twelfth consecutive month.

Publication: M2 Presswire
Publication Date: 27-FEB-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-27 February 2004-UNITED AIRLINES: UAL reports January results; Meets DIP covenant EBITDAR for twelfth consecutive month(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:02262004

CHICAGO - UAL Corporation (OTCBB: UALAQ.OB), the holding company whose primary subsidiary is United Airlines, today filed its January Monthly Operating Report (MOR) with the United States Bankruptcy Court. The company reported a loss from operations of $191 million, which represents an improvement of approximately $140 million over January 2003. Mainline passenger unit revenue improved 8% year-over-year, well ahead of the industry average. Mainline unit costs for January, excluding special charges and fuel, improved 14% year-over-year. The company reported a net loss of $252 million, including $26 million in reorganization expenses. The majority of reorganization expenses were non-cash items...

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