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United reports record $1.2 billion quarterly profit, feels pressure on revenue

United reports record $1.2 billion quarterly profit, feels pressure on revenue

Chicago-based United Continental Holdings, parent of United Airlines, on Thursday said it earned its highest quarterly profit ever, even as it dealt with pressure on revenue and flight tardiness. U.S. airlines, including United, are enjoying a period of prosperity, benefiting from full planes and low fuel prices. Southwest Airlines, the largest carrier at Midway Airport, also reported record profits Thursday. United reported a second-quarter profit of $1.19 billion, the largest quarterly profit ever for the company, compared with a $789 million in the same quarter last year. Without $67 million of special items, the airline's diluted earnings — numbers investors look at...

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