UAL: United Airlines Warns of Loss in Third Quarter

United Airlines parent UAL (UAL Quote) surprised no one with news this morning that it expects to post a loss in the third-quarter and possibly the fourth. The shortfall is blamed on flight cancellations, delays and higher costs for jet fuel and wages.

The airline was plagued with labor problems earlier this year. And higher oil prices are socking it to businesses, like airlines, that rely on fuel for their operations.

Two months ago, UAL said it would fall short of analyst forecasts for the second half of the year. The third-quarter estimate by 11 analysts is for 97 cents, while the fourth-quarter estimate by 10 analysts is for 63 cents, according to First Call/Thomson Financial. ...