United Continental posts Q4 loss

CEO is optimistic that this year will be better

600 management and administrative jobs Jeff Smisek United Continental World's largest carrier

The world’s largest carrier, United Continental’s quarterly net loss widened to $620 million even as it decided to do away with more than 600 management and administrative jobs. The airline has been losing customers due largely to technological malfunctioning. Chairman and chief executive Jeff Smisek has, however, said that though 2012 was tough, “our operations are running smoothly and our customer satisfaction scores are climbing”.