UNITED AIRLINES' parent company UAL Corporation lost $1.34bn in the period January ” March 2003, an improvement, if you like, on the last quarter of 2002 when it made a $1.5bn deficit. Both are industry records. The weak economy and SARS got the blame, but not the Gulf war. The airline says it is pushing through heavy cost cutting measures and some experts believe it is through the worst, reflected by Wall Street where the shares, delisted from the New York Stock Exchange on April 3, rose 8 cents to $1.27 on the OTC Bulletin Board last Friday. http://www.ual.com