United, Continental both flying in the black - Hawaii News Now - KGMB and KHNL

United, Continental both flying in the black

By Howard Dicus - bio | email

CHICAGO and HONOLULU (HawaiiNewsNow) - United Continental Holdings Inc. says both its airlines made profits in the third quarter.

United made a $387 million profit on revenue of $5.4 billion, up 22% from last year. It lost $57 million in the summer quarter last year. Continental made a $354 million profit on revenue of almost $4 billion, up 19%. It lost $18 million in the third quarter last year.

United Airlines alone flies more seats to Hawaii than any other carrier including Hawaiian Airlines. It serves Hawaii from Chicago, Denver, San Francisco, Los Angeles, Tokyo and Osaka. Continental serves Hawaii from Guam, Los Angeles, Houston and Newark.

"Thanks to the efforts of my more than 80,000 co-workers across both airlines, we achieved strong third quarter financial and operational results," said CEO Jeff Smisek in a statement.

Smisek said merger integration had already begun, and pledged, "We will create the airline that customers want to fly, employees want to work for, and shareholders want to own."

Like all the other major U.S. carriers, United and Continental experienced 10% to 20% higher revenues, depending on the route, on higher fares and new fees, which brought in enough revenue to cover rising jet fuel bills. No major U.S. airline remains in the red.

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