Glenn Tilton
Glenn Tilton
Glenn Tiltonwas Midwest Chairman and a member of the Executive Committee, at JP Morgan Chase, a position he has held from June 6, 2011 to 2014. Tilton was formerly non-executive Chairman of United Continental Holdings Inc.,, the parent company of United Air Lines, Inc. and Continental Airlines, Inc. as of October 1, 2010. Tilton was formerly Chairman, President, and CEO of UAL Corporation from 2002-2010...
cost revenue structure united
United has made fundamental and sustainable improvements in our operations, cost structure and revenue strategy.
airlines commitment continue convenient customers experience extensive level network provide quality route service services stand united
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.
best chapter develop efforts emerging exit interests momentum plan pleased received results strong support toward validate
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.
bankruptcy date early exit expect february target
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,
ability billion build exit fact financial financing four proposals solid success work
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,
business carriers clear compete customer offering platform service strategy strongest
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.
aggressive compete cost create durable opportunity plan revenue rules structure succeed work
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.
although apply both consistent contain continue deliver despite earnings fourth fuel full improved increase management operating price quarter revenue service sound system year
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.
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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.
agreements along challenge cutting force framework last progress recent stepped toward weeks work
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.
move time
Now it's really time to fly, to move forward.
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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.
cease challenges chapter competing exit forward reminder
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.