CHICAGO (AP) -- United Airlines' parent company says it expects its unrestricted cash to drop to $2 billion by the end of the quarter.
Chicago-based UAL Corp. ended September with about $2.93 billion in unrestricted cash. United lost money in the third quarter on high fuel prices.
United says it's taking steps to raise more money. But the company wouldn't detail its cash-raising plans, which it says are expected to wrap up in the first few months of 2009.
UAL also didn't predict a fourth-quarter profit or loss today. Analysts surveyed by Thomson Reuters expect the carrier to lose $3.27 per share.
United is the dominant carrier at Denver International Airport.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.