United Airlines 2008 Annual Report Download - page 146

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United Air Lines, Inc. Management Report on Internal Control Over Financial Reporting
March 2, 2009
To the Stockholder of United Air Lines, Inc.
Chicago, Illinois
The management of United Air Lines, Inc. (“United”) is responsible for establishing and
maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act
Rules 13a-15(f). Our internal control over financial reporting is designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting principles. Because of its inherent
limitations, internal control over financial reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or that the degree of compliance with the policies
or procedures may deteriorate.
Under the supervision and with the participation of management, including our Chief Executive
Officer and Chief Financial Officer, we conducted an evaluation of the design and operating
effectiveness of our internal control over financial reporting as of December 31, 2008. In making this
assessment, management used the framework set forth in Internal Control—Integrated Framework issued
by the Committee of the Sponsoring Organizations of the Treadway Commission. Based on this
evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our internal controls
over financial reporting were effective as of December 31, 2008.
This annual report does not include an attestation report of United’s registered public accounting
firm regarding internal control over financial reporting. Management’s report was not subject to
attestation by United’s registered public accounting firm pursuant to temporary rules of the Securities
and Exchange Commission that permit United to provide only management’s report in this annual
report.
146