United Airlines, Inc. (OTCBB: UALAQ) issued the following statement by Sara Fields, United`s Senior Vice President - People, in response to the National Mediation Board`s (NMB)announcement today that United`s mechanics and related employees voted to change their union representation to the Aircraft Mechanics Fraternal Association (AMFA):
“United has always respected our employees` right to select their union representation. We will work professionally and cooperatively with all our unions as we move forward to make United a more competitive and profitable enterprise for the long-term.”
These employees were formerly represented by the International Association of Machinists and Aerospace Workers, District Lodge 141M (IAM 141M). Sixty-three percent (8,239 of 13,144) of the eligible group voted; of the eligible employees who voted, 64% (5,234) voted in favor of representation by AMFA. The NMB, a federal agency that oversees union negotiations and elections in the airline industry, tallied the final count in Washington, D.C., shortly after the polls officially closed today at 2 PM EDT.
All terms of the mechanics` contract including current terms of wages, work rules and benefits, remain in place through April 2009, the negotiated duration of the collective bargaining agreement. IAM will continue to represent United’s ramp, public contact, food service and security officers, maintenance instructors and fleet technical instructors who were not involved in the election.
United and United Express operate more than 3,300 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 Web site atÊwww.united.com
Certain information contained in this release should be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect UAL Corporation`s current expectations and beliefs with respect to certain current and future events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks and uncertainties relating to the operations and business environments of UAL Corporation and its subsidiaries (collectively, the “company”) that may cause the actual results of the company to differ materially from any future results expressed or implied in such forward-looking statements. Such factors include, but are not limited to, the following: the company`s ability to continue as a going concern; the company`s ability to operate pursuant to the terms of its debtor-in-possession facility; the company`s ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; the company`s ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; the company`s ability to achieve necessary reductions in labor costs; the company`s ability to obtain and maintain normal terms with vendors and service providers; the company`s ability to maintain contracts that are critical to its operations; the potential adverse impact of the Chapter 11 cases on the company`s liquidity or results of operations; the cost and availability of financing; the company`s ability to execute its business plan; the company`s ability to attract, motivate and/or retain key employees; the company`s ability to attract and retain customers; demand for transportation in the markets in which the company operates; general economic conditions; the effects of the war in Iraq and any other hostilities or act of war (in the Middle East or elsewhere) or any terrorist attack; the ability of other air carriers with whom the company has alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; the cost and availability of aircraft insurance; the cost of aviation fuel; the cost associated with existing or future security measures and practices; competitive pressures on pricing (particularly from lower-cost competitors); government legislation and regulation; consumer perceptions of the company`s products; weather conditions; and other risks and uncertainties set forth from time to time in UAL Corporation`s reports to the United States Securities and Exchange Commission. Consequently, the forward-looking statements should not be regarded as representations or warranties by the company that such matters will be realized. The company disclaims any intent or obligation to update or alter any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise.