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Excluding a severance charge of $22 million, earnings are expected to be $141 million. UAL said its effective tax rate is zero for the period.
Wall Street expects earnings of 46 cents per share, according to a Thomson Financial poll of nine analysts. Their estimates ranged from break even to a profit of 81 cents per share.
UAL expects operating revenue to rise 16 percent to $5.1 billion from $4.4 billion last year; operating earnings are pegged at $260 million compared with $48 million last year.
Analysts expect revenue of $5.04 billion.
The better-than-anticipated results come despite higher fuel costs that have hampered the airline industry. UAL expects to report that second-quarter average jet-fuel costs added 27 percent to $2.16 per gallon from $1.71 per gallon last year.
Chicago Tribune
UAL Corp. (UAUA) jumped on the good news. In mid-day trading United was up (1.78) a share to $28.73.






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