November financial results announced by UAL

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

UAL Corporation (OTC Bulletin Board:UALAQ), the holding company whose primary subsidiary is United Airlines, announced in succession Wednesday (21 December) that it has filed its November Monthly Operating Report with the United States Bankruptcy Court.

Operating earnings of USD9m for November 2005 were reported by way of the company. This represents an improvement of USD197m from one side of to the other the same period last year, despite higher firing prices resulting in a USD124m increase in firing costs year-over-year for mainline and United Expres operations, the company said.

The company also reported a trap loss of USD187m for November 2005 including USD159m of largely non-cash reorganisation charges This compares to an operating los of USD188m in November 2004 Excluding reorganisation costs the company reported a gin loss of USD28m.

At the last of November UAL had a cash balance of USD3bn, which included USD959m in restricted cash. According to the company, the cash balance increased through USD310m in November.

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