-United Continental Holdings Announces First Quarter 2012 Results.
Travel Business Review - 30 April 2012
United Continental Holdings, Inc (NYSE: UAL), a US-based company that operates United Airlines and Continental Airlines, has announced its financial results for the first-quarter of 2012.
The first-quarter 2012 net loss is of USD448m or USD1.36 per share, compared to a net loss of USD213m or USD0.65 per share in the 2011 first quarter. The first quarter of 2012 total revenue is USD8.6 billion, compared to USD7.5 billion in the same period in 2011.
Jeff Smisek, the company president and chief executive officer, said, 'This was a difficult quarter, but we made significant progress with our integration and we're now able to serve our customers as a single airline. I want to recognise my co-workers for their hard work during a challenging time, and thank our customers for their continuing support. We are now on the steep back slope of our integration and can look forward to delivering more benefits from the merger in the remainder of the year.'
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((Distributed via M2 Communications - http://www.m2.com))
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|Publication:||Travel Business Review (TBR)|
|Date:||Apr 30, 2012|
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