United Airlines parent posts $459 mln loss

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United Airlines parent posts $459 mln loss  =

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Thursday April 29, 2:04 PM EDT =


(Adds details)

CHICAGO, April 29 (Reuters) - Bankrupt United Airlines parent UAL Corp. (=
UALAQ) on Thursday posted a quarterly loss like other big airlines as hig=
h jet fuel prices pinched the bottom line.

UAL, which filed for bankruptcy protection in December 2002, said its net=
 loss was $459 million, or $4.17 per basic share, including reorganizatio=
n and special items. Average fuel price for the quarter was $1.07 per gal=
lon.

UAL, based in Elk Grove Village, Illinois, said its first-quarter operati=
ng loss was $211 million, compared with an operating loss of $813 million=
 in the year-ago period.

Revenue rose 17 percent to $3.73 billion, while total operating expenses =
fell 1.4 percent to $3.94 billion.

UAL also said it posted a small operating profit for March.

Chief Executive Glenn Tilton said in a statement that the restructuring w=
as on track but much work remained. =



=A92004 Reuters Limited. =


Roger
EWROPS

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