United Reports November Traffic Increase

United Airlines (BULLETIN BOARD: UALAQ) today reported its traffic results
for November 2003. United reported a passenger load factor of 75.7
percent, up 6.5 points over November 2002. Total scheduled revenue
passenger miles (RPMs) increased in November 2003 by 2.4 percent on a
capacity decrease of 6.3 percent vs. the same period in 2002.

United employees delivered a strong operational performance to make the
busiest U.S. travel weekend of the year seamless for customers traveling
for the Thanksgiving holiday. From Wednesday, November 26 through Sunday,
November 30, United:
—Had only one flight cancellation out of 7,614 departures;—Flew more
than 960,000 customers, and—Experienced an average 80 percent load
factor with three out of four flights leaving exactly on time.

“Our United team delivered the most reliable holiday weekend performance
we`ve seen in recent years,” said Pete McDonald, executive vice president-
Operations. “These results are even more impressive considering we added
more than 150 flights to our regular schedule to meet the holiday travel
needs of our customers.”

United and United Express operate more than 3,400 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 at http://www.united.com/ .