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United Continental reports steep 1Q loss, cites systems integration costs

United Continental Holdings (UCH) incurred a first-quarter net loss of $448 million, widened from a net deficit of $213 million in the prior-year period.

United Airlines 737-800. Courtesy, UCH United Continental Holdings (UCH) incurred a first-quarter net loss of $448 million, widened from a net deficit of $213 million in the prior-year period. It blamed the poor results on costs associated with the ongoing integration of United Airlines and Continental Airlines (ATW Daily News, Oct. 4, 2010). UCH president and CEO Jeff Smisek said the company took painful but necessary steps during the period to complete systems integration, hurting ...

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