The Plan of Reorganization reflects the financial foundation of the much stronger, much more competitive United that we have built.

These global financial institutions see opportunity in United -- even in the midst of the ongoing brutally competitive industry environment.

With these filings before the court, the countdown has begun, ... We expect to formally exit bankruptcy in early 2006, with a target exit date of February 1st.

The fact that we have proposals for up to $3 billion in exit financing from four of the most prestigious financial institutions in the world is solid confirmation of the work that we have done together, and most importantly, of our ability to build on that success in the future.

What we can do and what we have done, is improve the operations of our entire company so that we are in the best possible position to respond to the industry changes that we and our competitors will undoubtedly confront.

Reflects the financial foundation of the much stronger, much more competitive United that we have built.