New York - United Airlines parent UAL said Tuesday it lost 779 million dollars in the third quarter amid high jet fuel costs. The losses at the second-largest US airline compared to profits of 334 million dollars in the year-earlier period, the Chicago-based company said. Revenues remained stagnant at 5.6 billion dollars.
United's competitors - including American Airlines, Delta and Continental - have also reported heavy losses on higher fuel costs and increased competition. US airlines have resorted to job cuts, fleet reductions and additional passenger fees.
