{"id":2859,"date":"2011-01-26T09:23:00","date_gmt":"2011-01-26T09:23:00","guid":{"rendered":"http:\/\/www.cheapoair.com\/miles-away\/united-continental-beats-estimates-on-fourth-quarter-losses\/"},"modified":"2011-01-26T09:23:00","modified_gmt":"2011-01-26T09:23:00","slug":"united-continental-beats-estimates-on-fourth-quarter-losses","status":"publish","type":"post","link":"https:\/\/www.cheapoair.com\/miles-away\/united-continental-beats-estimates-on-fourth-quarter-losses\/","title":{"rendered":"United Continental Beats Estimates on Fourth Quarter Losses"},"content":{"rendered":"

\n \n<\/p>\n

\n\"Special\n<\/div>\n
\nSpecial expenses following an October merger weighed heavily on profits <\/strong>\n<\/div>\n

 <\/p>\n

\nUnited Continental Holdings reported a $325 million loss for the fourth quarter.\n<\/p>\n

\n \n<\/p>\n

\nWhile that number may sound alarming, it’s actually much better than the airline and financial experts had predicted.\n<\/p>\n

\n \n<\/p>\n

\nUnited and Continental Airlines closed their merger on October 1 and anticipated that special expenses would weigh heavily on their fourth quarter earnings.\n<\/p>\n

\n \n<\/p>\n

\nHowever, the merged airlines outperformed fourth quarter expectations and were able to keep losses relatively low. \n<\/p>\n

\n \n<\/p>\n

\nRevenue rose by about 15% for the quarter. Without the special expenses, the airline said it would have posted a $160 million profit, amounting to about 44 cents per share.\n<\/p>\n

\n \n<\/p>\n

\nMore than 200 planes have already been rebranded with the United name and
\nContinental logo.\n<\/p>\n

\n \n<\/p>\n

\nThe new airline is currently in the proces
\nof integrating intricate computer systems.\n<\/p>\n

\n \n<\/p>\n

\nSource: USA Today <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

  Special expenses following an October merger weighed heavily on profits   United Continental Holdings reported a $325 million loss for the fourth quarter.   While that number may sound alarming, it’s actually much better than the airline and financial experts had predicted.   United and Continental Airlines closed their merger on October 1 and […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2859","post","type-post","status-publish","format-standard","hentry","category-other"],"_links":{"self":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/2859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/comments?post=2859"}],"version-history":[{"count":0,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/2859\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/media?parent=2859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/categories?post=2859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/tags?post=2859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}