A discussion about the airline industry, airline employees, and all things related

Despite recording a 4^th quarter loss of $53 million, United Airlines (UAUA) posted a full year profit of $403 million.  The Chicago based carrier paid down $2 billion in debt and recorded some of the industry’s best performance in revenue. 

"We made significant financial strides in 2007, delivering among the best revenue...performance in the industry, paying down more than $2 billion in debt and continuing our focus on cost control," Executive VP and CFO Jake Brace said.

United faced a rough fourth quarter as fuel continued to rise and the massive snow storms that rock their two primary hub airports in Chicago and Denver. 

United’s CEO Glenn Tilton continues to be an outspoken individual saying that industry consolidation is key, especially as oil prices continue to soar. 

ATW online