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United Posts First Profit in Six Years

In a day many thought would never come, United Airlines will post its first profit in six years when it releases its earnings on July 31.  Oh the turmoil! Oh the bankruptcy! Oh the layoffs!  I don’t usually bother talking about finanical news here, but you gotta give credit where it’s due.  The company will have a $119 million profit for the 2nd quarter, compared to a $1.43 billion loss for the same quarter last year.  Sure, it wasn’t pretty, what with the layoffs and pensions issues and whatnot.  But a profit is a profit.  Well done.

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