United Airlines parent UAL Corp. swung to a second-quarter profit on hedging gains, overshadowing a continuing fall in demand and revenue. UAL posted income of $28 million, or 19 cents a share, compared with a year-earlier loss of $2.74 billion, or $21.57 a share. Excluding hedging gains, the company posted a loss of $2.23 a share. Revenue decreased 25% to $4.02 billion. Load factor, or the percentage of available seats filled, fell to 82.5% from 83.2% as capacity cuts couldn’t outweigh the drop in demand. Revenue per available seat mile, considered the best basic measure of revenue for airlines, fell 20%.
The airline also announced that it will cut international capacity by another 7% for the last four months of the year.
United posts Q2 profit, to cut more intl capacity 
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