SECURITIES AND EXCHANGE COMMISSION  

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549
 
 

FORM 8-K

CURRENT REPORT


Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 
 
Date of Report:  June 12, 2002

(Date of earliest event reported)


UAL CORPORATION

(Exact name of registrant as specified in its charter)



 

Delaware
1-6033
36-2675207
(State or other jurisdiction of incorporation)
(Commission
  File Number)
(I.R.S. Employer
   Identification No.)

 
 
1200 Algonquin Road, Elk Grove Township, Illinois   60007
(Address of principal executive offices)
(Zip Code)

 
Registrant's telephone number, including area code (847) 700-4000

 

Not Applicable

(Former name or former address, if changed since last report)











ITEM 5.             OTHER EVENTS.

UAL Corporation (the "Company") is filing herewith certain financial and operating information.
 
 

ITEM 7.             FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.          Description

       99.1              United Update
 
 





SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 

  UAL CORPORATION
   
   
By:
/s/ Frederic F. Brace
Name:
Frederic F. Brace
Title:
Senior Vice President,
and Chief Financial Officer

 
 

Dated:  June 12, 2002 Exhibit 99

Exhibit 99.1
UNITED UPDATE
June 12, 2002

 
 

            John W. Creighton, Jr., Chairman and Chief Executive Officer of UAL Corporation is speaking on June 12, 2002 at the Merrill Lynch Global Transportation Conference.  Accompanying Mr. Creighton is Jake Brace, Senior Vice President and Chief Financial Officer.

            At the conference, Mr. Creighton is to provide certain financial information regarding the Company, including the following:

            In April, United outperformed the rest of the industry on a system wide unit revenue basis, year-over-year.  In addition, based on May's data, United's unit revenue was down by only three to four percent year-over year.  We believe that number may beat the industry average once again.  The Company's cash burn was halved from $10 million per day in the fourth quarter to under $5 million per day in the first quarter and expects that when we announce our second quarter results it will be significantly better than that.
 
 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:  Certain information contained in this document is forward looking and involves risks and uncertainties that could result in actual results differing from expected results.  Forward-looking statements represent the Company's expectations and beliefs concerning future events, based on information available to the Company as of the date of this United Update.

Some factors that could significantly impact expected unit revenue and cash flow include, without limitation, the airline pricing environment; industry capacity decisions; competitors' route decisions; the ultimate outcome of existing litigation; the success of the Company's cost-reduction efforts; the cost of crude oil and jet fuel; the results of union contract negotiations and their impact on labor costs and operations; operational disruptions as a result of bad weather, air traffic control-related difficulties and labor issues; the growth of e-commerce and off-tariff distribution channels; the effective deployment of customer service tools and resources; actions of the U.S., foreign and local governments; foreign currency exchange rate fluctuations; the economic environment of the airline industry and the economic environment in general.

Investors should not place undue reliance on the forward-looking information contained herein, which speaks to the factors included only as of the date of this United Update.  The Company disclaims any intent or obligation to update or alter any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise.