Comment on Hedging losses drive UAL 4Q loss of $1.3 billion

Hedging losses drive UAL 4Q loss of $1.3 billion

MINNEAPOLIS -- United Airlines parent UAL Corp. today said it lost $1.3 billion in the fourth quarter because of operating losses and fuel-price bets that turned sour as oil prices fell. Without the bad hedges, results were better than analysts had expected.

 

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