UAL Corporation, the holding company whose primary subsidiary is
United Airlines, today filed its January Monthly Operating Report
(MOR) with the United States Bankruptcy Court. The company reported
a loss from operations of $191 million, which represents an
improvement of approximately $140 million over January 2003.
Mainline passenger unit revenue improved 8% year-over-year, well
ahead of the industry average. Mainline unit costs for January,
excluding special charges and fuel, improved 14% year-over-year.
The company reported a net loss of $252 million, including $26
million in reorganization expenses. The majority of reorganization
expenses were non- cash items resulting from the rejection of
aircraft as the company aligns its fleet with the market. UAL met
the requirements of its d