United Continental Holdings, Inc. announces a second quarter 2011 profit

Continental Airlines Boeing 777-224 ER N76021 (msn 39776) (Star Alliance) PAE (Nick Dean) (2nd CO 777 in Star Alliance colors), originally uploaded by Airliners Gallery.

United Continental Holdings, Inc. (Chicago) has announced second-quarter 2011 financial results. UAL results for the second quarter include the financial results of its two operating subsidiaries, United Airlines and Continental Airlines. Prior to the merger on Oct. 1, 2010, UAL results included only the financial results of United. Pro forma results that consolidate the financial results for Continental for the second-quarter 2010 and six months ended June 30, 2010, are included for meaningful year-over-year comparisons.

UAL reported a second-quarter 2011 net profit of $577 million or $1.49 per diluted share, excluding $39 million of net special items consisting primarily of integration-related costs and a one-time non-cash adjustment to revenue. On a GAAP basis, UAL reported a second-quarter 2011 net profit of $538 million or $1.39 per diluted share.

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This entry was posted in Continental Airlines, United Airlines and tagged Continental Airlines, United Airlines, United Continental Holdings on July 21, 2011 by Bruce Drum.

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