United announces first-quarter 2014 results

United Airlines reported a first-quarter 2014 net loss of $489m, excluding $120m of special items. Including special items, UAL reported a first-quarter 2014 net loss of $609m. For the first quarter of 2014, total revenue was $8.7bn, a decrease of 0.3% year-over-year. First-quarter consolidated passenger revenue decreased 2.3% to $7.4bn, compared to the same period in 2013.

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