S&P: UAL unchanged

Standard & Poor's said that UAL Corp., parent of United Air Lines Inc. (both rated B/stable), said today that it expects to report a second-quarter 2006 net profit of $119 million.

The agency said that these projected results represent a considerable improvement on those in the same period last year, reflecting industrywide strong revenue conditions, though they are not as favorable as profits reported earlier by competitors AMR Corp. (B/stable/B-2) or Continental Airlines Inc. (B/negative/B-3).

The announcement has no impact on S&P's ratings or outlook for UAL or United.

According to the agency, UAL's second-quarter results were depressed somewhat by several nonrecurring or special items, though these did not have a large impact.

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