1. Archive

Airlines' profits strengthen

United Airlines' parent company UAL Corp. and Delta Air Lines Inc. on Thursday reported stronger July-September results as crowded jets more than compensated for lower average fares.

UAL earned $82-million, or $4.24 per share, on revenues of $3.8-billion in the three months ended Sept. 30. In the same period a year earlier, UAL had a profit of $149-million, or $5.74 per share, on revenues of $3.6-billion.

Delta earned $186-million, or $3.25 per share, on revenues of $3.16-billion in the quarter, the first in its fiscal year. A year ago the company had a profit of $61-million, or 65 cents per share, on sales of $3.14-billion.

NORTHSIDE BANK. The community bank reported third-quarter earnings of $216,121, up from $169,122 in the same period of 1993. The community bank, with two offices in north Tampa, said earnings for the first nine months of the year were $577,311, up 14 percent from a year ago.

XEROX CORP. The company said Thursday earnings for the quarter ended Sept. 30 were $186-million, or $1.61 per share, compared with $150-million, or $1.28 per share, for the same period a year ago.

ELSEWHERE: Ziff-Davis Publishing Co., a family-owned magazine empire that wields enormous influence in the personal computer industry, sold its chief assets, including PC Magazine, to New York investment firm Forstmann Little & Co. for $1.4-billion . . . Bankers Trust New York Corp.'s derivatives problems worsened Thursday when Procter & Gamble Co. filed a $130-million lawsuit against the bank over its investments in the exotic securities . . .

Up next:Nation