This is an excerpt out of the latest SEC filing for United Airlines. I just looked at my pay stub and I will be paying more taxes then United Airlines in the second quarter? Take a look at the filing you'll also find a little more information on how well United did on "fuel hedging".
SEC
Income Taxes
Because of its net operating loss carry-forwards, the company expects to pay minimal cash taxes for the foreseeable future and is not recording incremental tax benefits at this time. The company expects an effective tax rate of 0% for the second quarter of 2009
Jock
