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US carriers reveal higher earnings

Friday, 22 October 20103 min read

United Airlines saw a $533m rise in income during the third quarter of this year compared with the same period of 2009, while Continental Airlines saw a $365m improvement. The two airlines, which merged on October 1, will announce join results in the fourth quarter.

United president Jeff Smisek said: "“Thanks to the efforts of my more than 80,000 co-workers across both airlines, we achieved strong third quarter financial and operational results at both United and Continental."

United’s net income for the period was $473m while Continental made $367m.

Smisek added: “We have begun our merger integration, and we have a lot of work ahead of us. By working together, we will create the airline that customers want to fly, employees want to work for, and shareholders want to own.”