Company Profile For UAL Corporation

UAL Corporation (UAL) is a holding company whose principal subsidiary is United Air Lines, Inc. (United). Most of UAL's revenue during the year ended December 31, 2008, was from United's airline operations. United transports people and cargo through its Mainline operations, which utilize full-sized jet aircraft exceeding 70 seats in size, and its regional operations, which utilize smaller aircraft not exceeding 70 seats in size that are operated under contract by United Express carriers. United Airlines operates more than 3,300 flights a day on United, United Express and Ted to more than 200 United States domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. The Company operates in two business segments: Mainline and United Express.

BRIEF: For the nine months ended 30 September 2009, UAL Corporation's revenues decreased 22% to $12.14B. Net loss decreased 90% to $411M. Revenues reflect decreased Cargo division income, a decline in income from Passenger-United Airline division and lower other operating income markets. Net loss was offset by a decrease in salaries & related costs, a fall in aircraft fuel expenses and the absence of goodwill impairment charges.