United reduces third-quarter loss to $57 million, swings to operating profit

United Airlines parent UAL Corp. suffered a $57 million net loss in the third quarter, or $63 million excluding noncash hedge gains and other charges, greatly narrowed from the $792 million deficit reported in the year-ago period, and is “poised to see better year-over-year unit revenue performance as economies begin to recover and business travel returns,” according to Chairman, President and CEO Glenn Tilton.

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