Jake Brace
Jake Brace
bankruptcy financial gets improve number tools
Bankruptcy gets you a number of tools you can use to improve your financial situation, ... We don't think there are any more tools we can use.
bankruptcy best billion carriers compete costs date despite earnings february fuel higher improved last numbers operating ready united year
The numbers tell the story. Year to date in 2005, the company's operating earnings improved by over $450 million, despite fuel costs that are $1.3 billion higher than last year. When United exits bankruptcy in February 2006, we will be ready to compete aggressively with the best carriers in a way that is distinctly United.
bankruptcy contracts looked measure obviously people setting standard yardstick
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.
bankruptcy compete forward month next plan ready strongest week
We look forward to confirming the (reorganization) plan next week and exiting bankruptcy next month ready to compete with the strongest carriers.
advantage bankruptcy case costs early fix full gives opportunity save took view
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.
agreement employee issues pension pleased reached resolved retirement
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.
estimate external less
That's considerably less than some external estimate I've seen.
attract business despite environment exit fact financing gotten industry last plan united
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.
envelope financial fits performance within
Even at these levels, our financial performance fits within the envelope that is out there.
ability best compete improves work
The work we have done significantly improves United's ability to compete with the best U.S. airlines,
despite fuel higher impact million prices quarter results third
Third quarter results are strong, despite a $405 million impact from higher fuel prices year-over-year,
achieve brought common quick resolution
These discussions need to be brought to a quick resolution to achieve our common goal,
approach areas baggage best clearly complaints costs customer despite dramatic fewest financial fuel helping improved increases industry last numbers operating performance records united
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.
chapter completing despite emerging fuel improved improvement operating prices process profit record strong united
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.