United Airlines 2010 Annual Report Download - page 171

United Air Lines, Inc. Management Report on Internal Control Over Financial Reporting
February 22, 2011
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).
United’s 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, our 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 United’s Chief Executive Officer
and Chief Financial Officer, United conducted an evaluation of the design and operating effectiveness of our internal
control over financial reporting as of December 31, 2010. 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, United’s Chief Executive Officer and Chief
Financial Officer concluded that its internal controls over financial reporting were effective as of December 31, 2010.
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 final rules of the Securities and Exchange Commission
that permit United to provide only management’s report in this annual report.
Continental Airlines, Inc. Management Report on Internal Control Over Financial Reporting
February 22, 2011
To the Stockholder of Continental Airlines, Inc.
Chicago, Illinois
The management of Continental Airlines, Inc. (“Continental”) is responsible for establishing and
maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act
Rules 13a-15(f). Continental’s 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, our
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 Continental’s Chief Executive
Officer and Chief Financial Officer, Continental conducted an evaluation of the design and operating
effectiveness of our internal control over financial reporting as of December 31, 2010. 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, Continental’s Chief
Executive Officer and Chief Financial Officer concluded that its internal controls over financial reporting were
effective as of December 31, 2010.
This annual report does not include an attestation report of Continental’s registered public accounting firm
regarding internal control over financial reporting. Management’s report was not subject to attestation by
Continental’s registered public accounting firm pursuant to final rules of the Securities and Exchange
Commission that permit Continental to provide only management’s report in this annual report.
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