United Continental Holdings earned net income of $313 million in the first quarter, down 38.4% from a net profit of $508 million in the 2015 March quarter, as revenue fell 4.8% year-over-year to $8.2 billion. The parent of Chicago-based United Airlines cut first-quarter expenses 4.1% year-over-year to $7.55 billion and the quarter’s operating profit was $649 million, down 12.4% from operating income of $741 million in the prior-year period. Despite the net income drop, president and ...

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