United Continental Posts Narrow Q1 Loss Than Expected
Apr 21, 2011
United Continental Holdings (NYSE:UAL) reported a Q1 per share loss of $0.41 today, a narrower loss than the consensus estimate for $0.48 per share. Revenue for the quarter was up 10.8% year-over-year to $8.20 billion, just edging the consensus estimate for $8.19 billion.
Jeff Smisek, UAL's president and chief executive officer said, "My co-workers did a great job running an on-time and efficient operation this past quarter, and I especially want to thank my co-workers who conducted our Japan operations, overcoming tremendous personal hardship to help our customers and keep our operation safe and reliable after the tragic earthquake and tsunami. With our people, and the power of our network, product and fleet, United and Continental are much better positioned to manage through the current high-cost fuel environment as a combined carrier than either would have been as stand-alone carriers."
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