Glenn Tilton Quotations

We are pleased to have received this support for our Plan from our creditors. These results validate our efforts to develop an exit plan that is in the best interests of all of our stakeholders and maintains our strong momentum toward emerging from Chapter 11 in February.

United will have to address the issue of the competition from low-cost carriers, ... United is going to have to broaden our appeal to more customers than simply high-end customers. United is going to have understand that, in the aggregate, there are fewer customers out there, so we have to appeal to them all.

United is better positioned today than anyone thought remotely possible three years ago, ... We have earned the opportunity to compete and we are moving forward.

United is a fundamentally better company today, with sustainable improvements across the business and solid operational performance,

United is a better company today for competing with Frontier in Denver, and it'll be the same with Southwest, ... If they fly you from Denver to every single place they fly, it would be 60 percent of the coverage United offers today, with no connecting flights.

United has the most committed employees and strongest airline franchise in the world. We will not let it fail. We look forward to working with you to implement the coalition framework,

United has made tremendous progress in our restructuring to improve performance across the board, in costs, revenue, operations and service to our customers.

United has made fundamental and sustainable improvements in our operations, cost structure and revenue strategy.

United Airlines will continue to provide customers with the same experience and level of service they have come to expect, ... We stand by our commitment to provide customers with convenient schedules, quality onboard services and the most extensive route network in the U.S. and abroad.

With these filings before the court, the countdown has begun, ... We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.

With these filings before the court, the countdown has begun,

What we can do and what we have done, is improve the operations of our entire company so that we are in the best possible position to respond to the industry changes that we and our competitors will undoubtedly confront,

We're here today because we're not in denial, ... At United today, we face facts.

When we started this journey three years ago, many people questioned our ability to rebuild United into a company with a sustainable future, but together we have created a fundamentally better airline -- strong, confident and ready to compete with the world's best.

The Plan of Reorganization reflects the financial foundation of the much stronger, much more competitive United that we have built,

So far, the pressure is not that great. It's sort of ringing the bell for us. We've learned to compete effectively with Frontier, and we'll do the same with Southwest.

show just how far we have come at United. Our business plan is viable and financeable and has the full support of the banks. This financing will enable us to exit and to compete effectively in this industry.

Should Southwest decide to fly from Denver to every city in their network, they would still only offer 60% of the coverage United offers today, ... We will be delighted to fly you to the 800 destinations they can't.

much stronger position to seize growth opportunities as we move forward.

more flexible, more efficient and ... positioned to compete with the best carriers.

Today marks a new chapter for United, and it starts from a renewed position of strength.

We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.

We are focusing on the things that we do best, which means growing our business in engines, landing gear, high-tech components, avionics and line maintenance,

We look forward to continued cooperation with all of our unions and employee groups as we work to reach consensual agreements that will help us redesign our business and compete more effectively in the long term.

We look forward to competing with Southwest, as we do in other cities, ... a reminder that our challenges will not cease the day we exit Chapter 11.

Our plan will have to be more aggressive than it was out of court. We will need more cost savings. Work rules will have to be on the table. We have to take this opportunity to create a different and durable cost structure that allows us to compete and succeed in a different revenue environment.

other U.S. competitors who provide a commodity product with the barest minimum of service.

reflects the financial foundation of the much stronger, much more competitive United that we have built.

Today, we have the business platform we need to compete with the strongest carriers and a clear strategy of offering the right service to the right customer at the right price.

The fact that we have proposals for up to $3 billion in exit financing from four of the most prestigious financial institutions in the world is solid confirmation of the work that we have done together, and most importantly, of our ability to build on that success in the future,

While no one underestimates the magnitude of the challenge, we are making good progress on our financial recovery program, ... We continue to work vigorously with all of our unions and other parties to achieve our number one goal: restoring the financial health of this airline without the necessity of an in-court process.

We have been preparing for a Chapter 11 filing for months, and we are ready if we decide that's the best course for the company.

We also recognize that there is work where we at United do not have an advantage. That work is performed for us by vendors in the U.S., Korea and other countries, now including China.

Without a coherent U.S. aviation policy that reverses the bias against airline size and removes the barriers that prevent us from constructive consolidation, U.S. carriers will be unable to compete on a global scale and we risk being marginalized,

We have achieved a great deal in our restructuring to reposition this company and build upon our assets, an unrivalled global network and our dedicated employees.

We've put ourselves in a position to be able to compete with the effect of high oil prices in 2006. I'm confident that the work that we've done will put us in a position to have a competitive result whatever the market environment may be.

We are very excited by this historic opportunity to be the first U.S. carrier to provide direct service to Vietnam in almost 30 years.

At this point, nobody should consider a Chapter 11 filing inevitable.

The results we are reporting make it clear that we have done well this quarter in overall cost control, especially given the significant reduction in capacity.

It would not be the end of United if we were to do so, ... We would be flying the next morning.

These solid results are evidence of real progress in our work to make United competitive and resilient.

Now it's really time to fly, to move forward.

Although operating earnings for both the fourth quarter and the full year 2005 have improved significantly despite an increase in system fuel price of over 40 percent, we know we can do better. We will continue to contain costs, apply sound revenue management and deliver consistent service to our customers.

This is the last of the tentative agreements with our work force and underscores the significant progress we have made in recent weeks toward cutting costs, ... The IAM, along with our other unions, has stepped up to the challenge by cooperating in an unprecedented way to set the framework for a stronger, more competitive airline.

As we move ahead, United is committed to continuous improvement in costs, revenue and operations to optimize our resources and sustain competitive margins. We have achieved a great deal in our restructuring to reposition this company and build upon our assets, an unrivaled global network and our dedicated employees. We can be better. We are in a very competitive industry, and we take nothing for granted.

No matter how well United or any U.S. carrier transforms its business, none of us will be as strong as we should be ? much less in a position to compete in the emerging global aviation industry ? if there's no change to the regulatory environment in which we operate,

important steps forward as we work to transform United.

If I were able to draw a visual image of the beginning (of bankruptcy) to today, it would be one continuous experience of knocking down internal and external barriers.

I have not been able to see it.

If there's anything I learned in 32 years in the oil business, it's not to speculate on oil prices.

Clearly, we're disappointed that our mechanic and related employees, represented by IAM District 141M, did not approve the tentative agreement with United, ... Nevertheless, we remain fully committed to the goals of the United Airlines Union Coalition in achieving labor cost savings that will enable us to secure federally backed loans.

Before today, of the 166 airline bankruptcy filings since 1978, only two passenger carriers have successfully restructured and exited as viable businesses. That will soon change to three.

Chapter 11 does not mean United is going out of business. In fact it means the opposite,

We have to broaden our appeal to more customers than simply high-end customers. We have to understand that, in the aggregate, there are fewer customers out there, so we have to appeal to them all,

These global financial institutions see opportunity in United -- even in the midst of the ongoing brutally competitive industry environment.

This is a huge step in enabling this airline to emerge from Chapter 11 as a stronger, more competitive company,

The future that we are heading into will be no less challenging, but we are approaching it now from a position of leadership and strength.

The confirmation of our plan is a clear validation of the work we have done to make United a sustainable enterprise with a strong financial and operational foundation. We will leverage that foundation to take full advantage of the opportunity we have to compete for leadership in the U.S. and worldwide.