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CHICAGO, Jan 31, 2003 /PRNewswire-FirstCall via COMTEX/ -- UAL Corporation (NYSE: UAL), the holding company whose primary subsidiary is United Airlines, reported its fourth-quarter financial results today.

The company incurred a fourth-quarter loss of $1.5 billion, or a loss per basic share of $20.70 (see Note: EPS Calculation). This loss includes $77 million in special items and a non-cash tax expense described in the notes to the financial tables. This performance compares to a fourth-quarter 2001 loss of $308 million, or a loss per basic share of $5.68, including special items.

UAL`s loss for the full year, including the special items, totals $3.2 billion, or a loss of $53.55 per basic share. This compares to a full-year 2001 loss of $2.1 billion, or a loss of $40.04 per basic share.

The company`s results reflect an effective tax rate of zero for 2002. At a statutory tax rate of 36%, the net loss for the quarter would have been $686 million, or a loss per basic share of $9.65, and a net loss for the full year of $2.1 billion or a loss of $34.56 per basic share, excluding special items.
 
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Autor (Datum des Eintrages): remid  (31.01.03 14:18:16)
Beitrag: 144 von 6,573 (ID:8476222)
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