UAL Corp. reports $151 million January operating loss

UAL Corp. reports $151 million January operating loss    Chicago-based UAL Corp., the parent company of United Airlines, reported an operating loss of $151 million for January.
   Bankrupt UAL also announced a net loss of $326 million, including $138 million of reorganization expenses, in its monthly report to the U.S. bankruptcy court Thursday. UAL said it ended January with a cash balance of $2 billion, which includes $855 million in restricted cash.
   “While we made progress in our restructuring during the month by getting in place a portion of the long-term cost savings we need, we still have work to do, including further lowering our costs, concluding our labor negotiations, and the difficult but necessary work of resolving our pension issues,” said Jake Brace, UAL’s executive vice president and chief financial officer.