37 ordspråk av Jake Brace

Jake Brace

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Once this agreement is ratified, we will now have resolved pension and retirement issues with all of our employee groups. We're pleased to have reached this agreement.

Third quarter results are strong, despite a $405 million impact from higher fuel prices year-over-year,

This is very normal for bankruptcies ... (and) has nothing to do with the operation of the business at all, ... The industry still has a number of challenges, fuel costs chief among them, but we're pleased with our results.

Being able to reach a global, consensual agreement with the creditor's committee prior to confirmation is the goal in any restructuring and is an enormous accomplishment.

We think we're setting the standard for performance. If you see what people have done in other bankruptcies, they've obviously looked at our contracts and things like that as a yardstick to measure their own bankruptcy process.

Response to syndication of our exit facility is yet another validation of the substantial and sustainable improvements made during our restructuring.

Ajay has been involved for a number of years in projects to improve our utilization of resources across the company, which made him a natural choice for the corporate real estate position. He will bring his expertise in technology, operations and process improvement to a whole slate of high- profile projects to improve and consolidate our facilities around the world.

We are blazing our own trail in terms of what products and offerings we have.

Our approach is clearly working, as the numbers show. We have substantially improved our financial performance despite dramatic increases in fuel costs over the last 12 months. And United has one of the best operating records in the industry -- in on-time departures, baggage handling, fewest customer complaints and other areas helping us to outpace the industry in unit revenue.

Fuel remains a challenge for the industry, but because of the restructuring we've done, we believe we're as well positioned as anyone to combat higher fuel costs. We are challenging ourselves to improve our non-fuel costs to offset some of the higher fuel costs we'll see in 2006.

We're not going to ignore the low-value customer, but we're going to try and generate a revenue premium from the high-value customer. And the early signs of that are very promising.

We are judiciously taking money and investing it in the high-value customer, and at the same time we are not spending any more than we have to on the low-value customer.

The year-over-year improvement in operating profit despite record fuel prices demonstrates United's significantly improved competitiveness. United is well on the way to completing the Chapter 11 reorganization process and emerging as a strong competitor.

This validates our business plan and demonstrates that despite the fact that the industry environment has gotten tougher, the United business plan can attract even more all-debt exit financing than it could last winter.

We took the view early in the case that we were going to take full advantage of every opportunity that bankruptcy gives us to fix our situation, and we have done just that. We also took advantage of all of the opportunities to save costs that aren't necessary, enabled by the bankruptcy process.

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