Just a day after receiving approval to terminate its pension plans (ATWOnline, May 11), UAL Corp., parent of United Airlines, reported a staggering $1.07 billion net loss for the first quarter ended March 31 including $768 million in one-time reorganization items primarily related to the termination of its pension plans and the rejection of aircraft. This compares to a net loss of $459 million in the year-ago period, which included $130 million in one-time reorganization charges. Excluding ...

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