KKTV - Economy - Headlines

UAL Says Unrestricted Cash Around $2 Billion By End Of 4th Quarter

By: Associated Press
By: Associated Press

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
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 36324704