Restructuring Costs Hit UAL

United Airlines' parent UAL (UALAQ Quote) reported a sharply wider third-quarter loss of $1.77 billion after recording hefty expenses related to its restructuring.

However, the Chicago-based company, which has been operating under bankruptcy-court protection for nearly three years, said Monday that it would have turned a modest profit had it not been for those costs. Like other U.S. airlines, United reported improving revenue trends.

United, the nation's second-largest carrier by passenger traffic, said its loss equated to $15.26 a share in the latest quarter. A year ago, the company lost $276 million, or $2.38 a share. ...