#2 of 20 most profitable companies

UAL emerged as the 2nd most profitable company on the 2007 Fortune 500 list. In their words: "The holding company that controls United Airlines returns to the Fortune 500 after emerging from bankruptcy in February 2006. With net income of $22.9 billion, it's the second-most profitable company on the list. However, UAL's big profits were mostly due to bankruptcy-related accounting. Revenues are up 11.3% over last year." Interestingly enough, we're ranked 120 on the full list of 500...right in front of Apple.