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Show I X 16B Tbe Salt Lake Tribune, TWA's July Wednesday, 24, 1985 Profits Decline 2nd-Quart- er Pilot Strike Inflicts Losses at UAL ... By The Associated Press UAL Inc. said Tuesday it lost $91 million in the second quarter because of the strike by pilots against 29-d- its United Airlines unit Trans World Airlines Inc., meang while, said industry contributed to a 67 percent decline in its second-quartprofit compared with a year earlier. UAL said its latest Chicago-base- d loss compared with net income of $123.1 million, or $3.39 a share, a year earlier. Second quarter revenue fell to $1.19 billion from $1.82 billion. The short-terimpact of the strike will ultimately be overcome, Richard J. Ferris, UAL chairman, president and chief executive, said in a statement. The agreement that ended the strike establishes pilot wage rates that will produce long-tersavings needed by United to succeed in the marketplace, competitive Ferris said. The pilots walked off their jobs May 17 and approved a contract June 14. The strike eliminated the momentum United needed to take full advantage of the peak summer travel season, Ferris said. However, we are better prepared for 1986 and the years beyond. But UAL said that while United had returned to flight schedules and was working to regain lost market share, die airline will be price-cuttin- er -- m e gain from a exchange. Although TWAs system traffic performance remains strong, revenue gains in the second quarter and first half were diluted by the continued availability of deeply discounted industry fare programs, principally on domestic routes, C.E Meyer Jr., president and chief executive, said in a statement. TWA has agreed to be acquired by Texas Air Corp., the parent of Continental Airlines, for $925 million. However, investor Carl Icahn leads a group that already owns 33 percent of TWAs shares, and he has been talking to TWAs major unions about making a bid to take control of the airline in exchange for labor a challenged in efforts to recoup profits because of intense price competition and a somewhat softer economy. United Airlines alone had a second-quartloss of $102.9 million, compared with earnings of $114.3 million a year ego. The 1984 figure included a e $13.1 million gain. For the first half of 1985, UAL, which also owns Westin Hotels, said it lost $91-million, compared with year-earliprofit of $148.6 million, revenue or $3.95 a share. fell to $2.78 billion from $3.47 billion. er one-tim- 7 er Six-mon- th New TWA said its profit tumbled to $18.2 million, or 35 cents a share, from $55.4 million, or $1.52 a share, a year earlier. 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