UAL

Parent company of United Air Lines

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Headquarters:
77 West Wacker Dr.
Chicago, IL 60601
Employees: 55,000
CEO: Glenn Tilton
Stock Symbol: UAUA

Website: http://www.united.com

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UAL is the parent company of United Airlines, the nation's second largest airline. United operates more than 3,200 flights a day to over 200 locations in the U.S. and internationally.

United offers regional commuter service through United Express. The airline's major hubs are in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C.

With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States.  United is also a founding member of Star Alliance, which provides connections for our customers to 965 destinations in 162 countries worldwide.

United is the leading airline flying from the U.S. to Hawaii and Asia. The airline uses a variety of aircraft including Airbus A-319 and A-320 planes and Boeing 737, 747, 757, 767 and 777 planes. United had 460 airplanes at the end of 2007 and its regional carriers had 279.

In 2007, UAL employees earned about $170 million of cash payments related to the company's performance, composed of approximately $110 million in profit-sharing, $40 million in Success Sharing incentives and $20 million from the special distribution.

The company generated net income of $403 million in 2007, the first full-year profit since 2000. The company had $20.1 billion in revenues.

United Airlines served 68.3 million passengers in 2007.

In June, the company said it would cease operations for Ted, its low-fare subsidiary. The company will also cut 1,600 jobs and remove 100 planes from its fleet to reduce costs due to soaring fuel prices. The planes removed from service will mostly be 737 jets that use more fuel along with four 747s.

History

Walter Varney launched air mail service over a desolate stretch of terrain between Pasco, WA, and Elko, NV, on April 6, 1926. That auspicious day marked the true beginning of commercial air transportation in the United States. Because Varney was a predecessor of United, it also marked the birth of United Airlines.

United would play an important role in World War II by transporting soldiers and equipment across the Pacific and to Alaska.

In 1947, United launches the Douglas DC-6, the first postwar aircraft, featuring innovative full-cabin pressurization. U.S. coast-to-coast travel time is reduced to 10 hours. The same year, United inaugurates service to the Hawaiian Islands with its first flight from San Francisco to Honolulu.

UAL, Inc., incorporated December 30, 1968 as a holding company with United a wholly owned subsidiary.

On Jan. 5, 1990, the company received U.S. government approval to serve Paris from Chicago and Washington, D.C., and, soon after, launched Newark-Tokyo service.

The airline lost two planes in the Sept. 11, 2001 terrorist attacks. Business dropped sharply after the attacks and the company filed for Chapter 11 bankruptcy protection in 2002.

United emerged from bankruptcy in 2006.

Benefits

Full- and part-time employees are eligible for the following:

- Medical, Dental and Vision Coverage
- Disability
- Life and Accident Insurance
- Sick leave
- Flexible Spending Program
- Employee Assistance Program
- 401(k)
- Credit Union Membership Privilege
- Vacation
- Worldwide travel privileges for you and your eligible family members, travel companions and domestic partners
- Qualified Domestic Partner Benefits
- Long-Term Care
- Online Compensation and Benefits Statements

Updated June 6, 2008