Old 10-31-2005, 07:15 AM
Sir James
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Joined APC: Feb 2005
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Large charge-offs like this are normal as a company nears bankruptcy exit. Excluding those onerous Chapter 11 costs, United would have been profitable for the quarter.

Excluding the total of $1.8 billion in restructuring costs for the period, UAL said it would have had a net profit of $68 million.
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