By Paul Ausick of 24/7 Wall St.
United Airlines (UAUA) today reported a fourth-quarter loss of $176 million, EPS -$1.05, compared with average estimates of an EPS of -$1.47. The reported loss excludes gains from fuel hedging and accounting charges of about $65 million.
Delta Airlines (DAL) yesterday reported a net loss of $25 million and EPS of -$0.27, excluding costs related to its merger with Northwest Airlines and other items. Analysts had expected net EPS of -$0.24. Considering that Delta lost $1.4 billion in the fourth quarter of 2008, these results reflect a big improvement.
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