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United Continental earnings up 38%

The parent United Airlines says its profit rose 38 percent even though it flew less second quarter. United cut flying

The parent of United Airlines says its profit rose 38 percent even though it flew less in the second quarter. United cut flying by 2 percent compared to a year earlier, but passengers paid more to fly. | AP Photo

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Updated: July 25, 2013 8:12AM



The parent of United Airlines says its profit rose 38 percent even though it flew less in the second quarter.

United cut flying by 2 percent compared to a year earlier, but passengers paid more to fly.

United Continental Holdings Inc. earned $469 million, or $1.21 per share, for the quarter. It would have earned $1.35 per share if not for special items. That’s a penny better than expected by analysts surveyed by FactSet.

Revenue rose almost 1 percent to $10 billion, about what analysts had expected.

United struggled last year with issues related to its integration with Continental. A key measure of per-seat passenger revenue rose 1 percent in the most recent quarter as United recovered.



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