Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, October 25, 1995                   TAG: 9510250066
SECTION: BUSINESS                    PAGE: B-6   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

REPORTED EARNINGS

CHICAGO - United Airlines' parent company reported surprisingly strong earnings Tuesday for the summer quarter, due to higher ticket prices and busier traffic on its most profitable routes.

The near-tripling of net income at UAL Corp. underscored the industry's new-found financial health after years of debilitating losses. Chairman Gerald Greenwald credited UAL's employee-owners with holding costs in check.

UAL cited an increase in business travelers, who tend to buy more pricier last-minute tickets than tourists. The company said higher fares and stronger traffic levels were continuing.

Earnings in the quarter ended Sept. 30 were $243 million, or $14.06 per share, on revenues of $4.13 billion, compared with year-earlier $82 million, or $4.24 per share, on sales of $3.81 billion. Last year's quarter included after-tax costs of $96 million to cover the employee stock ownership plan. Without the charge, UAL's profit increase would have amounted to 36 percent.

In nine months, earnings were $397 million, or $25.89 per share, on revenues of $11.28 billion, compared with $40 million, or 3 cents per share, on revenues of $10.51 billion.

- Associated Press

Carmike Cinemas

Carmike Cinemas Inc., Columbus, Ga., operator of movie theaters in the Roanoke Valley, reported third-quarter net income of $7.8 million, or 70 cents per share, on revenues of $112.4 million, compared with year-earlier $10.3 million, or $1.25 per share, on revenues of $109 million. For nine months, net income was $9.9 million, or 88 cents per share, on revenues of $267.6 million, compared with $13.6 million, or $1.65 per share, on revenues of $244.5 million.

Chesapeake Corp.

Chesapeake Corp., Richmond-based forest products company with a Chesapeake Packaging Co. division in Roanoke, reported third-quarter net income of $29.9 million, or $1.24 per share, on sales of $330.8 million, compared with year-earlier $14.4 million, or 60 cents, on sales of $266.9 million. For nine months, net income was $69.2 million, or $2.88 per share, on sales of $937 million, compared with $21.3 million, or 90 cents, on sales of $715.8 million.

Uni-Marts

Uni-Marts Inc., State College, Pa.-based convenience store operator with outlets in the Roanoke Valley, reported net earnings of $4.2 million, or 66 cents per share, on revenues of $327 million for its fiscal year ended Sept. 30, compared with year-earlier $3.7 million, or 54 cents per share, on revenues of $326.6 million. Fourth-quarter net earnings were $1.5 million, or 23 cents per share, on revenues of $89 million, compared with $1.3 million, or 19 cents, on revenues of $85.3 million.