CHICAGO, April 30, 2003 - UAL Corp. (OTCBB: UALAQ.OB) the parent company of United Airlines, commented today on the ratification of six-year agreements on wage and work rule changes by the International Association of Machinists and Aerospace Workers (IAM) District 141-M, the International Association of Machinists and Aerospace Workers (IAM) District 141 and the Association of Flight Attendants (AFA). The agreements provide the significant labor-cost savings, productivity enhancements and modifications to scope clauses that will give United the financial and operational flexibility it needs to succeed now and in the future.
“Four months ago we set several goals: to reach consensual agreements on cost savings with all of our unions, to improve productivity, and to lay the foundation for a more competitive, flexible and efficient airline,” said Glenn F. Tilton, chairman, president and chief executive officer of UAL. “With today`s ratifications, we have achieved all of those goals. And parallel to these efforts, we have been running an airline that customers say has improved its service considerably.
“With this critical milestone behind us, we can now move quickly to implement the ratified changes in all of our labor agreements,” continued Tilton. “I want to express my sincere appreciation to all the members of the AFA, IAM District 141, and IAM District 141-M for making the successful future of this airline - and ultimately the future of all its employees - the number one priority. I appreciate the tough choices and sacrifices all our employees are making to help ensure United emerges from bankruptcy and succeeds for the long-term.”
The new contracts will be submitted today, April 30 to the U.S. Bankruptcy Court for approval.
IAM District 141-M represents United employees who provide maintenance, maintenance instructor and ground school instructor services to the company, as well as utility workers. IAM District 141 represents United’s public-contact, ramp, food-service, security and other employees.
United operates more than 1,500 flights a day on a route network that spans the globe.News releases and other information about United Airlines can be found at the company’s website, www.united.com.