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Article updated: 1/25/2013 7:31 AM

United Continental to cut 600 jobs, reports 4Q loss

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The parent of United Airlines reported a $620 million quarterly loss on Thursday and about 600 job cuts as travelers stayed away following its problems earlier in the year with absorbing Continental.

Associated Press

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The parent of United Airlines reported a $620 million quarterly loss on Thursday as travelers stayed away following its problems earlier in the year with absorbing Continental.It posted a full-year loss of $723 million, too, almost wiping out its $840 million profit from 2011. The fourth-quarter loss worked out to $1.87 per share. Excluding special items the loss would have been 58 cents per share, matching expectations of analysts surveyed by FactSet.
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