UAL Corp. Reports 1st-Quarter Loss: The parent company of United Airlines lost more money than expected in the first quarter and said it would delay taking delivery of 14 European-made Airbus A320 jets. The Chicago-based company lost $157 million, or $6.69 per share, in the first quarter. In last year’s January-March quarter, UAL lost $648 million, or $27.10 per share, after recording a huge charge to comply with new accounting rules. The loss a year ago was $108 million, or $4.52 per share, before the accounting charge. Revenue in the latest quarter was $3.33 billion, up from $2.97 billion a year earlier. Without special charges this year to cover debt that was paid early, UAL lost $138 million, or $5.92 per share.
From Times Staff and Wire Reports