United Airlines 2007 Annual Report Download - page 5

and mail revenue in 2007. United Services generated $183 million in revenue in 2007 by utilizing downtime of otherwise under-utilized aircraft maintenance
resources through third-party maintenance services. In 2007, revenues from aircraft ground handling and flight crew training services are not classified as part of
United Services revenues, as discussed below.
We believe our restructuring has made United competitive with its network airline peers. The Company seeks to achieve its goal of further improving profit
margins through continuous improvements to its core business across its operations by focusing on superior customer service, controlling unit costs and
improving unit revenues. With the bankruptcy reorganization completed in early 2006 and the creation of a solid platform, the Company is now building on its
core competitive advantages, including strong brand recognition, its leading loyalty program and its broad global airline network.
During 2007, UAL's management and its Board of Directors completed a strategic planning session to discuss the future of United. The Company has
developed a five-year plan, the ambition of which is to position United as the airline of choice for premium customers, employees and investors, while
maintaining our fundamental commitment to safety and balancing the needs of all of our stakeholders. The Company's main focus continues to be strengthening
our core business, and the plan includes a detailed roadmap of more than 250 initiatives and significant capital investments for the Company over the next five
years. These investments are targeted to support improvements for customers and employees, and drive revenue and efficiency improvements. In addition to
strengthening the performance of the airline, our plan also includes unlocking the value of business units such as United Services and Mileage Plus. Our goal is
to generate returns to stockholders that are competitive with U.S. industry in general. To achieve these goals, we are focused on consistently delivering superior
service, delivering differentiated products and services, building employees' connection and commitment to United, developing new sources of revenue and
controlling costs.
The Company's web address is www.united.com. The information contained on or connected to the Company's web address is not incorporated by reference
into this Annual Report on Form 10-K and should not be considered part of this or any other report filed with the U.S. Securities and Exchange Commission
("SEC"). Through this website, the Company's filings with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on
Form 8-K, and all amendments to those reports, are accessible without charge as soon as reasonably practicable after such material is electronically filed with or
furnished to the SEC.
This Form 10-K contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements represent the Company's expectations and beliefs concerning
future events, based on information available to the Company on the date of the filing of this Form 10-K, and are subject to various risks and uncertainties.
Factors that could cause actual results to differ materially from those referenced in the forward-looking statements are listed in Item 1A, Risk Factors and in
Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations. The Company disclaims any intent or obligation to update or
revise any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise.
Bankruptcy of Predecessor Company
The following discussion provides general background information regarding the Company's Chapter 11 cases, and is not intended to be an exhaustive
summary. Detailed information pertaining to its bankruptcy filings may be obtained at www.pd-ual.com and in the Annual Reports on Form 10-K for both UAL
Corporation and United Air Lines, Inc. for the year ended December 31, 2006 (the "2006 Annual Reports"). See also Note 1, "Voluntary Reorganization Under
Chapter 11," in the Combined Notes to Consolidated Financial Statements.
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Source: UNITED AIR LINES INC, 10-K, February 29, 2008