United and IAM Reach Tentative Agreement

3rd Dec 2002

United Airlineså’ (NYSE: UAL) today announced that after meeting again with union negotiators, the company and the International Association of Machinists (IAM) have reached a tentative agreement on labor cost savings as part of Unitedå‘s overall financial recovery program.  The agreements have been approved by the IAM District 141M leadership and are consistent with the labor cost savings called for in the companyå‘s business plan submitted to the Air Transportation Stabilization Board.  The new tentative agreement addresses concerns mechanics have expressed with quality of work life issues and the inability to select which vacation days will be unpaid as primary reasons for the rejection of a tentative agreement last week.

The agreement is subject to approval by the labor committee of the UAL board of directors as well as the board itself.  In addition, it requires a ratification vote by the IAM 141M membership, which is scheduled for Thursday, Dec. 5.

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.



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