MINNEAPOLIS (AP) — United and Continental airlines both posted third-quarter profits during their last quarter as independent companies, reversing their losses from a year earlier as they benefited from rising traveler demand and higher fares.
United Airlines had a profit of $387 million, or $1.75 per share. A year earlier it lost $57 million.
Continental Airlines turned a profit of $354 million, or $2.16 per share. A year earlier it lost $18 million.
Chicago-based United Continental Holdings Inc. now runs both airlines and reported the results on Thursday. They were separate companies until Oct. 1, the day after the quarter ended. Eventually they will be combined into a …
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