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Business News

United Continental posts bigger quarterly loss

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Published: Thursday, 24 Jan 2013 | 7:42 AM ET

Jan 24 (Reuters) - United Continental Holdings Inc posted a bigger fourth-quarter loss on Thursday, hobbled by higher costs, lower revenue and charges.

The world's largest carrier said the quarterly net loss widened to $620 million, or $1.87 a share, from $138 million, or 42 cents a share, a year earlier.

Revenue fell 2.5 percent to $8.7 billion.

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Jan 24- United Continental Holdings Inc posted a bigger fourth-quarter loss on Thursday, hobbled by higher costs, lower revenue and charges. The world's largest carrier said the quarterly net loss widened to $620 million, or $1.87 a share, from $138 million, or 42 cents a share, a year earlier. Revenue fell 2.5 percent to $8.7 billion.

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