UAL Corp. (UAUA +4.3%) and Continental Airlines (CAL -9%) both plan cost-cutting measures for...

UAL Corp. (UAUA +4.3%) and Continental Airlines (CAL -9%) both plan cost-cutting measures for the second half after posting losses early today (UAL earnings; Continental earnings), and rival Southwest (LUV -8.6%) expects it will turn back to a loss in Q3 (earnings). UAL says it will cut international flights 7% in the fall; Continental plans to cut workforce by 4%.