United Continental reports smaller 3Q profit

United Continental reports smaller 3Q profit

United Continental reports smaller 3Q profit

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by Associated Press

WCNC.com

Posted on October 25, 2012 at 8:20 AM

It was a bumpy third-quarter for United Airlines.

Its parent company says profits fell as fewer people traveled.

The company is still trying to integrate United and Continental airlines. Technology disruptions have frustrated passengers, and it showed up in the company's results for the July to September quarter.

Net income for United Continental Holdings Inc. totaled $6 million, or 2 cents per share. A year earlier it earned $653 million, or $1.69 per share.

Its most recent profit would have been bigger if not for a special charge for a preliminary agreement with its pilots. But excluding that charge, its profit of $1.35 per share was still 12 cents less than analysts had expected.

Revenue fell 2.6 percent to $9.91 billion, also less than analysts expected.

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