United’s Profitable $1.4 Billion Loss

You’ll probably see articles today mentioning United Airlines’ $1.4 billion second quarter loss.  Yes, that’s a boatload of money.  Except that it isn’t.  Virtually all of that is from writeoffs related to their (yet still) ongoing restructuring.  The carrier actually posted a small operating profit.  Really.  And while posting a profit while under bankruptcy is not exactly a reason to break out the champagne, it’s a sign of life and a bit of good news as United looks to exit bankruptcy this fall.

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