UAE | General
United Airlines loss to be larger than predicte
UAL Corp, the parent company of No 1 carrier United Airlines, said it expects to report an even larger first-quarter loss than current Wall Street estimates, and that for the full year it sees performance below plan levels.
- Reuters
- Published: 00:00 March 18, 2001
UAL Corp, the parent company of No 1 carrier United Airlines, said it expects to report an even larger first-quarter loss than current Wall Street estimates, and that for the full year it sees performance below plan levels. It cited the softening U.S. economy for results that it said will be "well below" a $2.82 loss per share, which is the current consensus average of analysts polled by First Call/Thomson Financial.
UAL said many factors precluded it from giving a specific estimate. "The softening of the U.S. economy has had an industry-wide effect on business travel demand," said Chairman James Goodwin. "As a result, we've experienced a decrease in our higher-yielding close-in bookings.
Latest news
- Strong winds and haze expected in the UAE
- Dubai Police deny reports of Burj Khalifa fire
- New road eases traffic problems in Dubai
- Abu Dhabi hosts strong man contest
- Farmers to be taught techniques to improve yield
- Keep recycling bins open
- UAE's first home-grown unmanned aerial vehicle
- Telling stories with sand
- President of Wollongong varsity about his plans
- Challenging role in Libya
- Parachuting event promises rich fare
- UAE ministry backs efficacy of Tas'heel system
- UAE students on research trip to Antarctica
- Brothers held in Sharjah for possessing heroin
- Fund drive for displaced Syrians launched
Community Reports
-
Keep recycling bins open
People should be allowed to do their part as the world moves towards a greener future
-
Bridges needed
Al Ittihad Road has no pedestrian facilities as one nears Sharjah
-
Street lights needed
Authorities urged to act with haste before a major accident occurs in Al Nahda, Dubai
-
Motorists ignore stop sign on buses
Overtaking school vehicles can put students' lives at risk
