United Airlines 2010 Annual Report Download - page 78

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders of
United Continental Holdings, Inc.
Chicago, Illinois
We have audited the accompanying consolidated balance sheet of United Continental Holdings, Inc. and
subsidiaries (the “Company”) as of December 31, 2009, and the related statements of consolidated operations,
consolidated stockholders’ equity (deficit), and consolidated cash flows for the years ended December 31, 2009
and 2008. Our audits also included the financial statement schedule for 2009 and 2008 listed in the Index at
Item 15. These consolidated financial statements and financial statement schedule are the responsibility of the
Company’s management. Our responsibility is to express an opinion on these financial statements and financial
statement schedule based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial
position of United Continental Holdings, Inc. and subsidiaries as of December 31, 2009, and the results of their
operations and their cash flows for the years ended December 31, 2009 and 2008, in conformity with accounting
principles generally accepted in the United States of America. Also, in our opinion, such financial statement
schedule for 2009 and 2008, when considered in relation to the basic consolidated financial statements taken as a
whole, presents fairly, in all material respects, the information set forth therein.
As discussed in Note 1 (Reclassifications) to the consolidated financial statements, the accompanying 2009 and
2008 financial statements have been retrospectively adjusted for the reclassifications.
As discussed in Note 10 to the consolidated financial statements, the disclosures in the accompanying 2009 and
2008 financial statements have been retrospectively adjusted for a change in the composition of reportable
segments.
/s/ Deloitte & Touche LLP
Chicago, Illinois
February 25, 2010, except for Note 1 (Reclassifications) and Note 10, as to which the date is February 22, 2011
76