United Airlines Boeing 777-222 N776UA (msn 26937) IAD (Brian McDonough), originally uploaded by Airliners Gallery.

UAL Corporation (United Airlines) (Chiacgo) reported its first quarterly profit since 2007 with a second quarter net profit of $430 million, or $1.95 per diluted share, excluding non-cash, net mark-to-market hedge gains and certain accounting charges as outlined in note 4 of the attached statement of consolidated operations, an improvement of $751 million from second quarter 2009. The company reported a GAAP net profit of $273 million, or $1.29 per diluted share.

This profit beats Wall Street’s expectations.

Copyright Photo: Brian McDonough. United’s Boeing 777-222 N776UA (msn 26937) climbs away from the Washington (Dulles) hub.