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.

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

UAL Corporation (Chicago), the holding company for United Airlines, reported results for the first quarter ended March 31, 2010. The company reported a first quarter operating profit of $58 million, 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, the company’s first operating profit in the first quarter since 2000. The company reported a GAAP operating profit of $69 million.

UAL Corporation reported a first quarter net loss of $92 million, or $0.55 per basic share, excluding non-cash, net mark-to-market hedge gains and certain accounting charges of consolidated operations, narrowing its net loss by $479 million compared to the first quarter of 2009. The company reported a GAAP net loss of $82 million, or $0.49 per basic share.

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