United Airlineså’ (NYSE: UAL) chairman, president and chief executive officer Glenn Tilton today issued the following statement on news that Unitedå‘s 9,000 pilots have voted to accept labor cost savings as a part of the companyå‘s overall financial recovery plan:
“Our pilots are to be commended for voting overwhelmingly to participate in United’s financial recovery program. Their contribution represents a significant portion of our labor cost savings each year and an important part of United’s plan to return to operational profitability by 2004. We are on a clear path to transform our airline and we must pull together to succeed. United’s employees not only continue to provide our customers with the best possible product, but they have shown an unprecedented level of cooperation to ensure this company’s financial recovery. I want to thank our pilots and the Air Line Pilots Association for taking a leadership role in taking the first step along that path.”
United operates nearly 1,800 flights a day on a route network that spans the globe. News releases and other information about United may be found at the company’s website at www.united.com.