Shares of UAL tumble by 13% on airline's 2000 profit warning

Article Abstract:

UAL Corp. saw its share value decline by 13.2% following its warnings about lower-than-expected profits for the 2000 year. The company attributed the profit warning to increased costs for fuel and labor.

Forecasts, trends, outlooks, Securities prices, Securities

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UAL posts loss for third quarter on labor unrest

Article Abstract:

UAL Corp. posted a $116 million (138.4 million euros) net loss for the 2000 third-quarter. The carrier blamed the loss on labor unrest throughout the airline.

UAL

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U.S. airline shake-up looks unavoidable; widening losses erode cash bailout, and costs are hard to cut

Article Abstract:

The major U.S. airlines report a collective third-quarter loss of $2.4 billion. Without the government's $2.5 billion bailout funding, the losses would have been $4.2 billion. Lower airfares haven't helped get passengers back in the air, nor increase corporate spending on travel. The next $2.5 billion from the government isn't expected to be enough help during the fourth quarter. Airline executives say they may have to merge their resources to survive.

Government expenditures, Receipt of funds, Statistical Data Included, Economic aspects, Economic policy, United States. Congress, Federal aid to transportation, Government aid to transportation, 2001 AD, Corporate welfare

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