UAL: Falling oil prices may lead to sizable net loss
United Airlines parent UAL Corp., socked in recent quarters by soaring fuel costs, warned investors in a regulatory filing Wednesday that third-quarter results will take a hit as a result of ... declining oil prices.
Chicago-based UAL said it could take a third-quarter hit of more than half a billion dollars on hedging agreements it made to protect itself against oil price spikes, although the bulk of that will be in a relatively benign non-cash accounting charge.
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