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. |
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. |
At this point, nobody should consider a Chapter 11 filing inevitable. |
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, |
Clearly, we're disappointed that our mechanic and related employees, represented by IAM District 141-M, 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. |
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. |
I have not been able to see it. |
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. |
If there's anything I learned in 32 years in the oil business, it's not to speculate on oil prices. |
important steps forward as we work to transform United. |
It would not be the end of United if we were to do so, ... We would be flying the next morning. |
It's a chicken-and-egg problem, |
more flexible, more efficient and ... positioned to compete with the best carriers. |
much stronger position to seize growth opportunities as we move forward. |