UAL Corporation reports highest annual pre-tax income since 1999

UAL Corporation reported pre-tax income of $695 million for 2007, the highest since 1999. Pre-tax income excluding special items and severance was $606 million, $665 million higher than 2006. The company generated net income of $403 million in 2007, the first full-year profit since 2000, excluding reorganization items. Excluding special and reorganization items and severance, 2007 net income of $352 million was $417 million higher than 2006.

UAL reported an operating loss of $64 million for the fourth quarter of 2007, a pre-tax loss of $98 million and a net loss of $53 million, $8 million better than the fourth quarter of 2006.

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