UNITED STATES  
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
 
 
FORM 8-K/A

(Amendment No. 1)

 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 
Date of Report: November 1 , 2005
(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 East Algonquin Road, Elk Grove Township, Illinois 60007
(Address of principal executive offices)
 
 
(847) 700-4000
(Registrant's telephone number, including area code)
 
 
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

Item 2.02 Results of Operations and Financial Condition.
 
On October 31, 2005, UAL Corporation (the "Company") issued a press release announcing its financial results for the third quarter of 2005. The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

 
 
Item 7.01 Regulation FD Disclosure.
 
On October 27, 2005, the Company filed its monthly operating report for the period September 1, 2005 through September 30, 2005 with the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, in connection with its voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Bankruptcy Code in Case Nos. 02-48191 through 02-48218. A copy of the monthly operating report is furnished hereunder as Exhibit 99.2.

 
 
Item 9.01 Financial Statements and Exhibits.
 
(c)
Exhibits
Description
 
 
99.1
Press Release 
 
99.2
Monthly Operating Report of UAL Corporation for the period September 1, 2005 through September 30, 2005

 
 
 

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/ Paul R. Lovejoy
Name:
Paul R. Lovejoy
Title:
Senior Vice President, 
  General Counsel and Secretary
Dated:  November 1, 2005
 
 

EXHIBIT INDEX



 
 

Exhibit No.  Description 
99.1* Press Release
99.2* Monthly Operating Report of UAL Corporation for the period September 1, 2005 through September 30, 2005

__________________
* Filed herewith electronically.
 
  Worldwide Communications:

Exhibit 99.1
United
News Release
 

Worldwide Communications:
Media Relations Office: 847.700.5538
Evenings/Weekends: 847.700.4088
 
 


UAL CORPORATION REPORTS THIRD-QUARTER 2005 RESULTS

Third-Quarter Operating Earnings of $165 Million,
a $245 Million Improvement Year-Over-Year
Despite Higher Fuel Prices Negatively Impacting Fuel Expenses by $405 Million

$68 Million Net Income, Excluding Restructuring Charges

Predominantly Non-Cash Bankruptcy Related Charges of $1.8 Billion
Result in Net Quarterly Loss of $1.8 Billion

Mainline Passenger Unit Revenue up 11 percent

Mainline Unit Costs Up 5 percent on 5 percent Lower Capacity
Excluding Fuel, Mainline Unit Costs Down 5 percent






                    CHICAGO, October 31, 2005 - UAL Corporation (OTCBB: UALAQ.OB), the holding company whose primary subsidiary is United Airlines, today reported its third-quarter 2005 financial results.

                    UAL reported third-quarter operating earnings of $165 million, $245 million better than the same quarter last year, despite higher fuel prices for the mainline and regional affiliates negatively impacting fuel expense by $405 million year-over-year. UAL reported a net loss of $1.8 billion, or a loss per basic share of $15.26, which includes $1.8 billion in reorganization items. The company believes the best indicator of United's post-reorganization financial performance is provided by reviewing operating and net earnings excluding restructuring charges. Excluding the reorganization items, UAL earned a net profit for the third quarter totaling $68 million.

                    Reorganization items were primarily driven by $1.7 billion in non-cash aircraft rejection charges.  It is common for the results of operations of companies progressing through Chapter 11 to be impacted by non-cash charges related to their reorganization, especially as restructuring work nears completion.  Charges based on the claims of our creditors are recorded at the amount expected to be allowed by the court. However, as shown in our Plan of Reorganization, these claims are expected to be settled at exit for a minor fraction of the amount of the charges recorded.  Looking forward, the company is expected to record a large gain at exit in 2006 when these claims are settled for less than the amounts originally recorded.  It is important to note that this is a matter of accurate accounting, and that neither the aircraft rejection charges recorded at this time nor the gain expected to be recorded at exit in 2006 have any significant impact on the company's cash position.

                    "United is a fundamentally better company today with sustainable improvements across the business and solid operational performance.  The results we are reporting make it clear that we have done well this quarter in overall cost control, especially given the significant reduction in capacity," said Glenn Tilton, United's chairman, CEO and president.  "There is more work to do - and opportunity to be gained - as United becomes even more vigorously competitive in generating revenue and reducing costs."

United's Restructuring Builds Momentum towards Exit

                    In the third quarter of 2005, United achieved significant milestones in its restructuring activities. As part of the recent restructuring efforts, United:

                   * Filed the Plan of Reorganization detailing the company's new structure and business plan;
                   * Set a schedule, agreed by the Creditors' Committee and the Court, which results in an exit from
                      bankruptcy in February, 2006;
                   * Finalized a commitment for $3 billion in all-debt exit financing with JP Morgan and Citibank; and
                   * Received Disclosure Statement approval by the Court allowing the plan solicitation process to begin.

                    "This quarter, United has accomplished a great deal and our restructuring is largely complete. This success demonstrates that we have become adept at meeting the challenges of a changing industry," said Jake Brace, United's executive vice president and chief financial officer. "Third quarter results are strong, despite a $405 million impact from higher fuel prices year-over-year."

Mainline Revenue Results

                    During the quarter, mainline passenger unit revenue increased 11 percent and yield increased 9 percent, compared to third quarter last year. System load factor increased 2 points to 84 percent. Results for the third quarter of 2005 reflect a 3 percent reduction in traffic on a 5 percent reduction in system capacity compared with the same period last year. United achieved one of the highest system length-of-haul adjusted passenger unit revenues in the industry.

                    During the third quarter, reallocation of aircraft capacity to international markets and further optimization of United's domestic schedule contributed to an increase in fleet utilization of 4 percent compared to the same period last year. As a result, year-over-year the company reduced the number of aircraft in its fleet by 10 percent, while reducing system available seat miles by only 5 percent.

                    During the quarter the company introduced its new explus United Express flights, featuring United First Class, Economy Plus and United Economy seating on 70-seat regional jets and expanded the scope of the company's unparalleled route network.  Customer-focused initiatives include:

*     United's Business 1 program which will make travel more convenient for business customers traveling in and out of Chicago O'Hare International Airport, including the convenience of dedicated and close-in departure gates and an on-time arrival guarantee on all Business 1 flights;

*     Expanded redemption choices for customers' travel awards through the company's Mileage Plus loyalty program; and

*  Completed code share agreements with new Star Alliance members TAP and South African Airways.

                "Third quarter results show that our revenue continues to improve faster than the industry, and performance trends are encouraging," said John Tague, executive vice president - marketing, sales and revenue.  "However, they do not fully reflect United's potential and we see additional opportunities to improve revenue generation, as industry domestic capacity continues to decline, and our own international growth moderates."

                United continues to be committed to enhancing the customer experience with industry-leading products, including United Economy Plus service, the introduction of explus premium service on 70-seat regional jets for United Express, and the success of United's p.s., premium transcontinental service between New York and Los Angeles or San Francisco. United also continues to transform and optimize all areas of revenue execution, including its business-to-business sales efforts, loyalty programs, revenue management and all areas of network optimization.

                "These efforts clearly place us on a course to make United the leader in revenue performance," Tague said.

Mainline Operating Expenses

                Mainline operating expense per available seat mile was up only 5 percent from the year-ago quarter, despite a 5 percent decrease in capacity and a 46 percent increase in mainline fuel price. Salaries and related costs were down 21 percent, or $270 million, primarily reflecting recent labor and management cost reductions and an 8 percent reduction in manpower.

                Mainline fuel expense was $301 million higher than in the third quarter 2004. Fuel expense is now the company's single largest expense item, surpassing salaries and related expenses. Average mainline fuel price for the quarter was $1.90 per gallon (including taxes). Excluding fuel, mainline operating expenses per available seat mile decreased 5 percent.

                The company had an effective tax rate of zero for all periods presented, which makes UAL's pre-tax loss the same as its net loss.

Cash

                The company ended the quarter with an unrestricted cash balance of $1.7 billion, and a restricted cash balance of $954 million, for a total cash balance of $2.7 billion. The unrestricted cash balance increased by $35 million during the quarter.

Operations

                In the most recent data available from the U.S. Department of Transportation, United was ranked Number 1 for the last 12 months in on-time performance and ranked second in the least mishandled baggage among the six major network carriers. In addition, employee productivity (available seat miles divided by employee equivalents) was up 2 percent for the quarter compared to the same period in 2004.

                "United's employees continue to earn some of the highest customer satisfaction ratings in company history and are outpacing the industry in on-time performance," said Pete McDonald, United's chief operating officer. "We will focus on consistent delivery of quality service, as we continue to optimize our resources, shortening aircraft turn times and increasing facility utilization."

                Fuel costs remain a concern for the industry as a whole, but because of United's self-supply strategy, the company has insulated itself from supply shocks resulting from problems along the supply chain. United experienced no fuel related supply or operational problems due to either hurricane Katrina or Rita.

Outlook

                United expects fourth-quarter system mainline capacity to be down about 3 percent year-over-year. System mainline capacity for 2005 is expected to be about 3 percent lower than 2004.

                The company has entered into hedge agreements for heating oil for the equivalent of 9 percent of its expected fuel consumption for the fourth quarter at an average of $1.32 per gallon, including taxes. To the extent the jet fuel crack spread is higher than the heating oil crack spread, the company's jet fuel expense could be negatively impacted.

September Monthly Operating Report

                UAL today also filed with the United States Bankruptcy Court its Monthly Operating Report for September. The company posted a $24 million operating loss for September. This compares to a $118 million loss in the same month last year. Mainline unit revenue improved 15 percent compared to same period last year. UAL met the requirements of its debtor-in-possession (DIP) financing.

                    News releases and other information about United Airlines can be found at the company's website, www.united.com.

                Note 7 to the attached Statements of Consolidated Operations provides a reconciliation of net loss reported under GAAP to net loss excluding special items for all periods presented, as well as a reconciliation of other financial measures, including and excluding special charges.
 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements included in this press release are forward-looking and thus reflect the Company's current expectations and beliefs with respect to certain current and future events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks and uncertainties relating to the operations and business environments of the Company that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Factors that could significantly affect net earnings, revenues, expenses, costs, load factor and capacity include, without limitation, the following: the Company's ability to continue as a going concern; the Company's ability to comply with the terms of the DIP financing or negotiate modifications or amendments thereto as necessary; the Company's ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; the Company's ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusive period for the Company to propose and confirm one or more plans of reorganization; the potential adverse impact of the Chapter 11 cases on the Company's liquidity or results of operations; the appointment of a Chapter 11 trustee or conversion of the cases to Chapter 7; the costs and availability of financing; the Company's ability to execute its business plan; the Company's ability to attract, motivate and/or retain key employees; the Company's ability to attract and retain customers; demand for transportation in the markets in which the Company operates; general economic conditions (including interest rates, foreign currency exchange rates, crude oil prices and refining capacity in relevant markets); the effects of any hostilities or act of war or any terrorist attack; the ability of other air carriers with whom the Company has alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; the costs and availability of aircraft insurance; the costs of aviation fuel; our ability to cost effectively hedge against increases in the price of aviation fuel; the costs associated with security measures and practices; labor costs; competitive pressures on pricing (particularly from lower-cost competitors) and on demand; capacity decisions of our competitors, U.S. or foreign governmental legislation, and regulation and other actions; the ability of the Company to maintain satisfactory labor relations, any disruptions to operations due to any potential actions by our labor groups ; weather conditions; and other risks and uncertainties set forth from time to time in UAL's reports to the United States Securities and Exchange Commission. Consequently, the forward-looking statements should not be regarded as representations or warranties by the Company that such matters will be realized. The Company disclaims any intent or obligation to update or revise any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise.

# # #



 
 
 
 
 

UAL CORPORATION AND SUBSIDIARY COMPANIES
DEBTOR AND DEBTOR-IN-POSSESSION
STATEMENTS OF CONSOLIDATED OPERATIONS (UNAUDITED)
(In Millions, Except Per Share)
(In accordance with GAAP)
Nine Months Ended September 30
2005
2004
% Change
Operating revenues:
Passenger - United Airlines
$ 9,684 
$ 9,547 
1.4 
- Regional Affiliates
1,818 
1,441 
26.2 
Cargo
526 
486 
8.2 
Other operating revenues
965 
929 
3.9 
12,993 
12,403 
4.8 
Operating expenses:
Salaries and related costs
3,093 
3,735 
(17.2)
Aircraft fuel
2,866 
2,101 
36.4 
Regional affiliates
2,052 
1,732 
18.5 
Purchased services
1,119 
1,093 
2.4 
Landing fees and other rent
693 
710 
(2.4)
Aircraft maintenance
645 
562 
14.8 
Depreciation and amortization
620 
661 
(6.2)
Cost of sales
480 
553 
(13.2)
Aircraft rent
316 
404 
(21.8)
Commissions
227 
240 
(5.4)
Special operating items
18 
Other operating expenses
901 
896 
0.6 
13,030 
12,687 
2.7 
Loss from operations
(37)
(284)
(87.0)
Other income (expense):
Interest expense
(349)
(337)
3.6 
Interest capitalized
(4)
Interest income
18 
19 
(5.3)
Special non-operating items
Miscellaneous, net
90 
(245)
(307)
(20.2)
Loss before reorganization items, income taxes and 
equity in earnings of affiliates
(282)
(591)
(52.3)
Reorganization items, net
(3,994)
(389)
Loss before income taxes and equity in earnings of affiliates
(4,276)
(980)
Credit for income taxes
Loss before equity in earnings of affiliates
(4,276)
(980)
Equity in earnings of affiliates
Net loss
$ (4,272)
$ (980)
Loss per share, basic
$ (36.82)
$ (8.77)
Weighted average shares
116.2 
112.6 
See accompanying notes.

 
 
 
 
Consolidated Notes (Unaudited)
(1) UAL Corporation ("UAL" or the "Company") is a holding company whose principal subsidiary is United Air Lines, Inc. ("United"). On December 9, 2002, UAL, United and twenty-six direct and indirect wholly owned subsidiaries filed Chapter 11 petitions for relief in the U.S. Bankruptcy Court for the Northern District of Illinois.
(2) In connection with its bankruptcy proceedings, the Company recorded the following reorganization items:
Three-month Period Ended September 30,
Nine-month Period Ended 
          September 30,
(In millions)
2005
2004
2005
2004
Aircraft rejection charges
$ 1,689
$ 88
$ 2,195
$ 312
Pension-related charges
-
-
1,045
-
Contract rejection charges
34
-
543
-
Professional fees
42
40
134
123
Impairment on lease certificates
134
-
134
-
Aircraft refinance adjustments
(59)
-
(59)
-
Other
-
(13)
2
(46)
$ 1,840
$ 115
$ 3,994
$ 389
Aircraft rejection charges include the Company's estimate of claims incurred as a result of the rejection of certain aircraft leases and return of aircraft as part of the bankruptcy process. 
Pension-related charges include curtailment costs of $640 million and net settlement losses of $395 million for the first nine months of 2005 as a result of the termination of several defined benefit pension plans. In addition, a $10 million settlement loss was recorded as a result of the termination of a management non-qualified supplemental retirement plan. 
Contract rejection charges are non-cash costs that include our estimate of claims resulting from the Company's rejection of certain contractual obligations such as executory contracts, unexpired leases, municipal bond obligations and regional carrier contracts.
In accordance with the term sheets reached with the Public Debt Group, the Company agreed to cancel certain EETC certificates that were held by a related party. Accordingly, the Company recorded a non-cash charge in the amount of $134 million for principal and interest on such certificates. In addition, the Company recorded adjustments retroactively for aircraft rent and interest expense in the amount of $59 million to reflect the revised financing terms.
(3) Special operating items:
In the second quarter of 2005, the Company recognized a charge of $18 million for aircraft impairment related to planned accelerated retirement of certain aircraft operated by Air Wisconsin Airlines Corporation ("AWAC"). In addition, in the first quarter of 2004, the Company recorded a $60 million special operating item in connection with an adjustment to passenger revenue. 
Special non-operating items:
In the third quarter of 2004, the Company recorded a gain of $18 million from the sale of its pre-petition claim against Air Canada in connection with their bankruptcy related to the Company's equity interest in three Airbus A330 aircraft leased to Air Canada. In addition, in the first quarter of 2004, the Company recorded a $13 million special non-operating item as a result of its write-down of the non-operating B767-200s to net realizable value. 
(4) Included in operating income/(loss) in UAL's results of operations are the results of its wholly owned subsidiary United Aviation Fuels Corporation ("UAFC").
Three-month Period Ended 
September 30, 
%
Nine-month Period Ended September 30, 
%
UAFC (in millions)
2005
2004
Change
2005
2004
Change
Other operating revenues
$ 98
$ 130
(24.6)
$ 226
$ 336
(32.7)
Cost of sales
94
144
(34.7)
221
349
(36.7)
Income/(loss) from operations
$ 4
$ (14)
-
$ 5
$ (13)
-
(5) During the second quarter of 2005, the Company received $22 million as a result of the transition agreement with AWAC. This refund was recorded as a reduction to Regional Affiliates operating expense.
(6) UAL's results of operations include aircraft fuel expense for both United mainline jet operations and regional affiliates. Aircraft fuel expense incurred as a result of the Company's regional affiliates' operations is reflected in the Regional Affiliates operating expenses. In accordance with UAL's agreement with its regional affiliates, these costs are reimbursed by the Company.
Year-Over-Year Impact of Fuel Price
United Mainline and Regional Affiliate Jet Operations
Three-month Period Ended September 30
Mainline Regional Affiliates
Total
2005 average fuel price per gallon
$ 1.90 
$ 2.10 
2004 average fuel price per gallon
1.30 
1.50 
Year-over-year change in fuel price per gallon
$ 0.60 
$ 0.60 
2005 fuel consumption (in millions)
582 
93 
Year-over-year impact of fuel price (in millions)
$ 349 
$ 56 
$ 405 
(7) Pursuant to SEC Regulation G, the Company has included the following reconciliation of reported non-GAAP financial measures to comparable financial measures reported on a GAAP basis. The Company believes that the reported non-GAAP financial results provide management and investors a better perspective of the Company's core business and on-going financial performance and trends by excluding special and reorganization items for comparative purposes. Statistical information is for United mainline jet operations only. 
Three-month Period Ended September 30,
Nine-month Period Ended September 30,
In Millions
EPS
In Millions
EPS
2005
2004
2005
2004
2005
2004
2005
2004
GAAP net loss
$ (1,772)
$ (274)
$ (15.26)
$ (2.38)
$ (4,272)
$ (980)
$ (36.82)
$ (8.77)
Adjusted for:
Special operating items
18 
(60)
0.15 
(0.53)
Special non-operating items
(18)
(0.15)
(5)
(0.04)
Reorganization items, net
1,840 
115 
15.83 
0.98 
3,994 
389 
34.37 
3.45 
$ 68 
$ (177)
$ 0.57 
$ (1.55)
$ (260)
$ (656)
$ (2.30)
$ (5.89)
Three-month Period Ended September 30, 
%
Nine-month Period Ended September 30, 
%
Cost per asm - CASM (cents)
2005
2004
Change
2005
2004
Change
GAAP mainline operating expense per asm
10.43
9.98
4.5 
10.40
10.02
3.8 
Less: Special operating items
0.00 
0.00 
0.01 
0.00 
Mainline operating expense per asm excluding 
special operating items
10.43
9.98
4.5 
10.39
10.02
3.7 
Less: UAFC(a)
0.26 
0.37 
(29.7)
0.21 
0.32 
(34.4)
Mainline operating expense per asm excluding
special operating items and UAFC
10.17 
9.61 
5.8 
10.18 
9.70 
4.9 
Less: fuel expense
3.06 
2.11 
45.0 
2.72 
1.92 
41.7 
Mainline operating expense per asm excluding
special operating items, UAFC and fuel expense(b)
7.11
7.50
(5.2)
7.46
7.78
(4.1)
Three-month Period Ended September 30, 
%
Nine-month Period 
Ended September 30, 
%
Yield (cents)
2005
2004
Change
2005
2004
Change
GAAP passenger revenue per rpm
11.39 
10.50 
8.5
11.16
10.87 
2.7 
Less: revenue adjustment
0.00 
0.00 
-
0.00 
0.07 
Passenger revenue per rpm excl revenue adjustment
11.39 
10.50 
8.5
11.16 
10.80 
3.3 
Operating revenue per asm - RASM (cents)
GAAP mainline operating revenue per asm 
11.05 
9.98 
10.7
10.59 
10.03 
5.6 
Less: revenue adjustment
0.00 
0.00 
-
0.00 
0.05 
Mainline operating revenue per asm excluding 
revenue adjustment
11.05 
9.98 
10.7
10.59 
9.98 
6.1 
Less: UAFC(a)
0.27 
0.34 
(20.6)
0.21 
0.31 
(32.3)
Mainline operating revenue per asm excluding 
revenue adjustment and UAFC
10.78 
9.64 
11.8
10.38 
9.67 
7.3 
Passenger revenue per asm -

PRASM (cents)

GAAP mainline passenger revenue per asm 
9.60 
8.67 
10.7
9.18 
8.73 
5.2 
Less: revenue adjustment
0.00 
0.00 
-
0.00 
0.05 
Mainline passenger revenue per asm excluding 
revenue adjustment
9.60 
8.67 
10.7
9.18 
8.68 
5.8 
Mainline scheduled passenger revenue per asm 
9.59 
8.63 
11.1
9.16 
8.69 
5.4 
(a) UAFC's revenues and expenses are not derived from mainline jet operations. Therefore, UAL has excluded these revenues and expenses from the above reported GAAP financial measures. See Note 4 above for more details. 
(b) Because the price of fuel is driven by economic and political factors not within management's control, management believes that excluding fuel cost from unit cost provides a meaningful comparative basis for investors to evaluate the Company's performance with respect to more controllable operating expenses.

 
 
 
 
UAL CORPORATION AND SUBSIDIARY COMPANIES
DEBTOR AND DEBTOR-IN-POSSESSION
Three Months Ended September 30
2005
2004
% Change
OPERATING STATISTICS
United Mainline Jet Operations
Revenue passengers (in thousands)
17,488
19,359 
(9.7)
Revenue passenger miles (in millions)
30,306
31,341 
(3.3)
Available seat miles (in millions)
36,117
38,155 
(5.3)
Charter available seat miles (in millions)
46
237 
(80.6)
Passenger load factor (percent)
83.9
82.1 
1.8 pt.
Breakeven passenger load factor (percent)
79.9
84.1 
(4.2) pt.
GAAP passenger revenue per passenger mile - yield (cents) 
11.39
10.50 
8.5 
GAAP passenger revenue per available seat mile - PRASM (cents)
9.60
8.67 
10.7 
GAAP operating revenue per available seat mile - RASM (cents)
11.05
9.98 
10.7 
Operating revenue per available seat mile excluding UAFC - RASM (cents)
10.78
9.64 
11.8 
GAAP operating expense per available seat mile - CASM (cents)
10.43
9.98 
4.5 
Operating expenses per available seat mile excluding operating special items, UAFC 
and fuel expense - CASM (cents)
7.11
7.50 
(5.2)
Average price per gallon of jet fuel (cents)
190.1
130.1 
46.1 
Number of aircraft in operating fleet at end of period
458
509 
(10.0)
Average full-time equivalent employees (thousands)
54.6
59.0 
(7.5)
ASMs per equivalent employee - productivity (thousands)
661
647 
2.2 
Average stage length (thousands)
1,382
1,292 
7.0 
Revenue block hours (in thousands)
468
510 
(8.2)
Plane days (in thousands)
42
48 
(12.5)
Fleet utilization (in hours and minutes)
11:06
10:39
4.2 

 
 
UAL CORPORATION AND SUBSIDIARY COMPANIES
DEBTOR AND DEBTOR-IN-POSSESSION
Nine Months Ended September 30
2005
2004
% Change
OPERATING STATISTICS
United Mainline Jet Operations
Revenue passengers (in thousands)
50,305
53,771
(6.4)
Revenue passenger miles (in millions)
86,391
87,345
(1.1)
Available seat miles (in millions)
105,508
109,300
(3.5)
Charter available seat miles (in millions)
396
625
(36.6)
Passenger load factor (percent)
81.9
79.9
2.0 pt.
Breakeven passenger load factor (percent)
82.2
82.3
(0.1) pt.
GAAP passenger revenue per passenger mile - yield (cents) 
11.16
10.87
2.7
Passenger revenue per passenger mile excluding revenue adjustment - yield (cents) 
11.16
10.80
3.3
GAAP passenger revenue per available seat mile - PRASM (cents)
9.18
8.73
5.2
Passenger revenue per available seat mile excluding revenue adjustment - PRASM (cents)
9.18
8.68
5.8
GAAP operating revenue per available seat mile - RASM (cents)
10.59
10.03
5.6
Operating revenue per available seat mile excluding revenue adjustment - RASM (cents) 
10.59
9.98
6.1
Operating revenue per available seat mile excluding revenue adjustment and
UAFC - RASM (cents)
10.38
9.67
7.3
GAAP operating expense per available seat mile - CASM (cents)
10.40
10.02
3.8
Operating expenses per available seat mile excluding operating special items, UAFC 
and fuel expense - CASM (cents)
7.46
7.78
(4.1)
Average price per gallon of jet fuel (cents)
169.4
118.8
42.6
Number of aircraft in operating fleet at end of period
458
509
(10.0)
Average full-time equivalent employees (thousands)
55.6
59.4
(6.4)
ASMs per equivalent employee - productivity (thousands)
1,898
1,840
3.2
Average stage length (thousands)
1,373
1,289
6.5
Revenue block hours (in thousands)
1,379
1,476
(6.6)
Plane days (in thousands)
126
144
(12.5)
Fleet utilization (in hours and minutes)
10:54
10:16
6.2

  IN RE:   

Exhibit 99.2
IN RE:
CHAPTER 11
UAL CORPORATION, ET AL.
CASE NUMBERS : 02-48191 through 02-48218
DEBTORS
Jointly Administered
Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
September 1, 2005 THROUGH September 30, 2005
The information contained in the Debtors' monthly operating report (the "MOR") is unaudited, is limited to the Debtors and their filing subsidiaries, is limited to the time period indicated and is presented in a format prescribed by the bankruptcy court. The MOR does not purport to represent financial statements prepared in accordance with GAAP nor is it intended to fully reconcile to the financial statements filed by UAL Corporation or United Air Lines, Inc. with the Securities and Exchange Commission. Additionally, while every effort has been made to assure its accuracy and completeness, errors or omissions may have inadvertently occurred and the Debtors reserve the right to amend their MOR as necessary.

 
 
 
 
IN RE:
CHAPTER 11
UAL CORPORATION ET AL.
CASE NUMBERS : 02-48191 through 02-48218
DEBTORS
Jointly Administered
Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
September 1, 2005 THROUGH September 30, 2005
DEBTOR'S ADDRESS: UAL Corporation
1200 East Algonquin Road
Elk Grove Township, IL 60007
DEBTOR'S ATTORNEYS: James H. M. Sprayregen, P.C. (ARDC No. 6190206)
Marc Kieselstein (ARDC No. 6199255)
David R. Seligman (ARDC No. 6238064)
KIRKLAND & ELLIS
200 East Randolph Street
Chicago, IL 60601
(312) 861-2000 (telephone)
(312) 861-2200 (facsimile)
Counsel for the Debtors and Debtors In Possession
REPORT PREPARER: UAL Corporation et al
I declare under penalty of perjury that the information contained in this monthly operating report
(including attached schedules) is true and correct to the best of my knowledge, information and belief.
Dated: October 27, 2005 DEBTOR-IN-POSSESSION
Print Name/Title: Frederic F. Brace
Executive Vice President and
Chief Financial Officer
Signature: /s/ Frederic F. Brace
Address: 1200 East Algonquin Road
Elk Grove Township, IL 60007
Phone: 

 
 
 
 
I. Table of Contents
II. UAL Corporation, et al. Unaudited Financial Statements 
A. Condensed Consolidating Statement of Operations (Discloses only filing entities)
B. Statements of Consolidated Financial Position (Form 10K to be filed by March 1, 2005)
C. Statements of Consolidated Cash Flows (Form 10K to be filed by March 1, 2005)
III. Summary of Cash Receipts and Cash Disbursements
A. Unaudited Consolidated Receipt Summary
B. Unaudited Disbursements by Legal Filing Entity and Summary
IV.  Additional Schedules
A. Insurance - Certifications
B. Payments to Insiders - Certification
C. Description of Tax Trusts / Escrows
D. Payments to Secured Creditors and Lessors
E. Professional Fee Payments
F. Accounts Receivable Schedule and Accounts Payable Schedule
G. Bank Accounts and Financial Institution Relationships
V. Tax Questionnaire

 
 
 
 
UAL Corporation, et al. -Filing Entities
Legal Filing Entity
Reporting Structure
1
UAL Corporation
X-1
2
United Air Lines, Inc.
X-1
3
UAL Company Services, Inc.
X-1
4
UAL Loyalty Services, Inc.
X-2
5
Mileage Plus Holdings, Inc.
X-4
6
Mileage Plus Marketing, Inc.
X-5
7
MyPoints.com, Inc.
X-1
8
Confetti Inc.
X-7
9
Cybergold, Inc.
X-7
10
iTarget.com, Inc.
X-7
11
MyPoints Offline Services, Inc.
X-7
12
UAL Benefits Management Inc.
X-1
13
United BizJet Holdings, Inc.
X-1
14
BizJet Charter, Inc.
X-13
15
BizJet Fractional, Inc.
X-13
16
BizJet Services, Inc.
X-13
17
Kion Leasing, Inc.
X-2
18
Premier Meeting and Travel Services, Inc.
X-2
19
United Aviation Fuels Corporation
X-2
20
United Cogen, Inc.
X-2
21
Mileage Plus, Inc.
X-2
22
United GHS, Inc.
X-2
23
United Worldwide Corporation
X-2
24
United Vacations, Inc.
X-2
25
Four Star Leasing, Inc.
X-1
26
Air Wis Services, Inc.
X-1
27
Air Wisconsin, Inc.
X-26
28
Domicile Management Services, Inc.
X-26

 
 
 
 
UAL CORPORATION AND SUBSIDIARY COMPANIES (filing entities only)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
FOR THE MONTH ENDED September 30, 2005
($ amounts in 000's)
UAL 1
CONSOLIDATING
Total operating revenues
1,635,536 
Total operating expenses
1,659,709 
Earnings (loss) from operations 
(24,173)
Non-operating income (expenses):
Net interest expense
(52,777)
Other income (expenses), net:
22,569 
Total non-operating income (expenses):
(30,208)
Net Earnings (loss) before Reorganization items
(54,381)
Reorganization Expenses
(1,408,648)
Net earnings (loss)
(1,463,029)
1 These amounts do not agree to other financial statements included in the periodic public filings that are required by the SEC. This is due to the impact of certain non-filed entities and intercompany eliminations on United's consolidated results, which are not considered in the amounts disclosed here.

 
 
CASE NAME: UAL Corporation et al. 
CASE NUMBERS : 02-48191 through 02-48218
Filed Entities of UAL Corporation 1
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS 2
For The Period Ending September 30, 2005
(Amounts in US dollar $)
BEGINNING BALANCE (ending balance August 31, 2005)
Operating Accounts - DOM
$334,767,603 
Operating Accounts - INT 
$51,150,570 
London Overnight Investment Balance 
$2,071,380 
Liquidity Pool
$1,507,550,156 
Restricted Cash 3
$916,511,536 
Subsidiaries:
a. Mileage Plus, Inc.
$223,356 
b. Premier Meeting and Travel Services, Inc.
$484,381 
c. MyPoints.com, Inc.
$11,644,529 
d. Confetti d/b/a Ameniti Travel Clubs, Inc.
$887,183 
e. Domicile Management Services, Inc.
$658,881 
f. UAL Loyalty Services, Inc.
($542,577)
g. United Aviation Fuel Corporation
$1,382,914 
TOTAL BEGINNING BALANCE 
$2,826,789,912 
RECEIPTS (Summary of all domestic and international bank accounts):
1. Receipts from operations (net of Intercompany receipts)
$1,452,923,866 
2. Other receipts 4
$66,485,472 
TOTAL RECEIPTS (A)
$1,519,409,338 
DISBURSEMENTS (Summary of all accounts):
1. Net payroll 5
a. Officers
$724,345 
b. Non-Officer 
$159,863,844 
2. Taxes paid or deposited:
a. Federal Income Tax and FICA withholdings
$66,758,723 
b. State income tax w/held
$8,063,309 
c. State sales or use tax
$175,394 
d. Other 6
$178,983,096 
3. Necessary Operational Disbursements 7
a. Operating Disbursements (net of Intercompany disbursements)
$1,294,806,341 
b. Transferred to escrows / restricted cash
4,200,000
TOTAL DISBURSEMENTS  (B)
$1,713,575,053 
NET RECEIPTS (Line (A) less Line (B))
($194,165,714)
ENDING BALANCE (BEGINNING BALANCE PLUS NET RECEIPTS)
$2,632,624,198
Bank One Overnight Investment Account (month over month change) 8
($991,754)
TOTAL ENDING BALANCE 9
$2,631,632,444
Check
ENDING BALANCE (as of September 30, 2005)
Operating Accounts - DOM
$22,238,515
Operating Accounts - INT
$45,547,213
London Overnight Investment
$1,521,856
Liquidity Pool
$1,622,367,930
Restricted Cash 3
$924,267,824
Subsidiaries:
Mileage Plus, Inc.
$220,932
Premier Meeting and Travel Services, Inc.
$689,287
MyPoints.com, Inc.
$10,636,044
Confetti d/b/a Ameniti Travel Clubs, Inc.
$921,901
Domicile Management Services, Inc.
$135,966
UAL Loyalty Services, Inc.
$1,693,783
United Aviation Fuel Corporation
$1,391,194
TOTAL ENDING BALANCE
$2,631,632,444
1 See Page 4 for a list of the 28 filed entities.
2 Pro forma basis, not prepared according to Generally Accepted Accounting Principles, and excludes certain elimination entries and non-cash adjustments.
3 Restricted cash does not include $200 million held in a Tax Trust Escrow nor restricted cash amounts associated with any
non-filed entities. See Schedule C of this report for a description of the Tax Trust Escrow.
4 Includes activity related to restricted cash
5 Includes information for domestic entities only. 
6 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax.
7 Includes certain aircraft financing payments for the month of September 2005. These payments are highlighted in Schedule D of this report.
8 Account used to invest excess funds on a daily basis that are not transferred to liquidity pool.
9 Ending cash balance does not include $200 million held in a Tax Trust Escrow. See Schedule C of this report for a description of the Tax Trust Escrow.

 
 
 
 
BANK
ENTITY: RECEIPT SUMMARY 1 ACCTS: See Schedule G for list of bank accounts
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
1,540,975,032
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY
3,775,892
International Operational Receipts 2
BEG BALANCE (LESS) ENDING BALANCE
93,535,237
PLUS NET REPATRIATION
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,638,286,160
( A )
Debtor-In-Possession Financing
0
( B )
Other Non-Operational Receipts 3
SEE FOOTNOTE BELOW
66,485,472
( B )
Less, Non-filing entities
NONE FOR THIS PERIOD
0
GROSS RECEIPTS (tie to bank statements)
1,704,771,633
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES4
185,362,294
( D )
NET RECEIPTS
$1,519,409,338
Forward to MOR Summary:
Receipts from operations (net of Intercompany receipts)
1,452,923,866
(A-D )
Other receipts
66,485,472
( B )
$1,519,409,338
1 Includes receipt activity for United Airline's Liquidity Pool and the following subsidiaries: MyPoints.com, Inc., Premier Meeting & Travel Services, Inc., Mileage Plus, Inc., United Aviation Fuels Corporation, UAL Loyalty Services, Inc. and Domicile Management Services, Inc.
2 Accounts for net repatriation to the liquidity pool in the amount of $98,947,306.
3 Includes net activity related to the London overnight investment account, interest income, aircraft and other asset sales, local station bank activity, and transfers to restricted cash.
4 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
 
BANK
ENTITY: LIQUIDITY POOL 1 ACCTS: Bank One Acct. #51-67795
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
1,325,632,876
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY
-
-
-
-
Total Non-Bank One Receipts
-
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
$93,343,950
PLUS NET REPATRIATION
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,418,976,826
Debtor-In-Possession Financing
-
Other Non-Operational Receipts 2 SEE FOOTNOTE BELOW
$65,103,389
Less, Non-filing entities NONE FOR THIS PERIOD
-
GROSS RECEIPTS 
1,484,080,215
UAL
-
UAL Loyalty Services, Inc.
-
UAL Company Services, Inc.
-
Confetti d/b/a Ameniti Travel Clubs, Inc.
-
MyPoints.com, Inc.
-
Cybergold, Inc.
-
iTarget.com, Inc.
-
MyPoints Offline Services, Inc.
-
UAL Benefits Management, Inc.
-
United BizJet Holdings, Inc.
-
United BizJet Charter, Inc.
-
United BizJet Fractional, Inc.
-
United BizJet Services, Inc.
-
Kion Leasing, Inc.
-
Premier Meeting and Travel Services, Inc.
870,490
United Aviation Fuels Corporation 
8,000,000
United Cogen, Inc.
-
Mileage Plus, Inc.
-
United GHS, Inc.
-
United Worldwide Corporation
-
United Vacations, Inc.
-
Four Star Leasing, Inc.
-
Air Wisconsin Services, Inc.
-
Air Wisconsin , Inc.
-
Domicile Management Services, Inc.
-
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES 3
8,870,490
NET RECEIPTS
$1,475,209,725
1 Includes receipt activity for all filing entities of UAL Corporation (refer to page 4) except those receipts collected by MyPoints.com, Inc., Premier Meeting & Travel Services, Inc. Mileage Plus, Inc., United Aviation Fuels Corporation, UAL Loyalty Services, Inc. and Domicile Management Services, Inc. in operating bank accounts outside of the Liquidity Pool.
2 Includes net activity related to the London overnight investment account, interest income, aircraft and other asset sales, local station bank activity, and transfers to/from restricted cash.
3 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
PREMIER MEETING & TRAVEL  BANK
ENTITY: SERVICES, INC. ACCTS: Bank One 55-78531
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
1,836,266
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY
-
-
-
-
Total Non-Bank One Receipts
-
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
-
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,836,266
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF 
ASSET SALES, etc.
1,551
Less, Non-filing entities
                              NONE FOR THIS PERIOD
-
GROSS RECEIPTS (tie to bank statement)
1,837,817
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1
42,940
NET RECEIPTS
1,794,877
BANK STATEMENT RECONCILIATION:
Beginning Balance
$484,381 
Receipts
1,837,817 
Disbursements
(1,632,911)
Reconciled Ending Balance
$689,287 
Reported Ending Balance
$689,287 
Difference
$0 
1 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
MYPOINTS.COM, INC.  BANK Silicon Valley Bank #3300066117, 3300042163
ENTITY: AND SUBSIDIARIES 1 ACCTS: Silicon Valley Bank #3700276606
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
-
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY 
(see above for accounts)
2,175,892
-
-
-
Total Non-Bank One Receipts
2,175,892
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
-
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
2,175,892
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
69,098
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS (tie to bank statement)
2,244,990
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES2
-
NET RECEIPTS
2,244,990
BANK STATEMENT RECONCILIATION:
Beginning Balance
$11,644,529 
Receipts
2,244,990 
Disbursements
(3,253,475)
Reconciled Ending Balance
$10,636,044 
Reported Ending Balance
$10,636,044 
Difference
$0 
1 Includes receipt activity for Cybergold, Inc., iTarget.com, Inc., MyPoints Offline Services, Inc.
2 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
 
BANK
ENTITY: CONFETTI D/B/A AMENITI TRAVEL CLUB, INC. ACCTS: Bank One 000000001061639
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
1,610,749
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY (see above for accounts)
-
-
-
-
Total Non-Bank One Receipts
-
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
-
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,610,749
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
-
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS (tie to bank statement)
1,610,749
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES 1
1,348,865
NET RECEIPTS
261,884
BANK STATEMENT RECONCILIATION:
Beginning Balance
$887,183 
Receipts
1,610,749 
Disbursements
(1,576,032)
Reconciled Ending Balance
$921,901 
Reported Ending Balance
$921,901 
Difference
$0 
1 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
 
BANK
ENTITY: MILEAGE PLUS, INC. ACCTS: SHORE BANK #17331100/17331200/17511000
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
18,650
Domestic Operational Receipts 
SHORE BANK
1,600,000
-
-
-
Total Non-Bank One Receipts
1,600,000
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
-
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,618,650
Other Non-Operational Receipts 
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
-
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS (tie to bank statement)
1,618,650
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1
-
NET RECEIPTS
1,618,650
BANK STATEMENT RECONCILIATION:
Beginning Balance
$223,356 
Receipts
1,618,650 
Disbursements
(1,621,074)
Reconciled Ending Balance
$220,932 
Reported Ending Balance
$220,932 
Difference
$0 
1 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
 
UNITED AVIATION FUELS BANK
ENTITY: CORPORATION ACCTS: NORTHERN TRUST ACCT. 792705
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
207,038,675
Domestic Operational Receipts
NORTHERN TRUST COMPANY
-
-
-
-
Total Non-Bank One Receipts
-
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
-
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
207,038,675
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF 
ASSET SALES, etc.
-
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS (tie to bank statement)
207,038,675
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1
175,100,000
(Provide detail above)
NET RECEIPTS
31,938,675
BANK STATEMENT RECONCILIATION:
Beginning Balance
$1,382,914 
Receipts
207,038,675 
Disbursements
(207,030,395)
Reconciled Ending Balance
$1,391,194 
Reported Ending Balance
$1,391,194 
Difference
$0 
1 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
 
BANK BANK ONE ACCT. 11-01955, 11-02250, 
ENTITY: UAL LOYALTY SERVICES, INC. ACCTS: 10-61639, 11-33545
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
4,837,817
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY
-
-
-
-
Total Non-Bank One Receipts
-
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
4,837,817
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF 
ASSET SALES, etc.
1,310,525
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS (tie to bank statement)
6,148,342
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1
-
NET RECEIPTS
6,148,342
BANK STATEMENT RECONCILIATION:
Beginning Balance
($542,577)
Receipts
6,148,342 
Disbursements
(3,911,982)
Reconciled Ending Balance
$1,693,783 
Reported Ending Balance
$1,693,783 
Difference
$0 
1 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
 
BANK
ENTITY: DOMICILE MGMT SERVICES, INC. ACCTS: Citibank #0-157487-016
(see schedule G for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
US $ @
111.54
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
-
Domestic Operational Receipts
CITIBANK
-
-
-
-
Total Non-Bank One Receipts
-
International Operational Receipts 
           BEG BALANCE (LESS) ENDING BALANCE
8/31/05
191,287
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
191,287
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
909
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS (tie to bank statement)
192,196
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1
-
NET RECEIPTS
192,196
BANK STATEMENT RECONCILIATION:
Beginning Balance 
$658,881 
Receipts
192,196 
Disbursements
(715,112)
Reconciled Ending Balance
$135,966 
Reported Ending Balance 
$135,966 
Difference
$0 
1 Transfers in this section represent direct payments to / from various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.

 
 
 
BANK
ENTITY: DISBURSEMENT SUMMARY 1 ACCTS: See Schedule G for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
724,345
( A ) 
xxx PAYROLL NON-OFFICER
159,863,844
( B ) 
04 AVIATION FUEL 2 (SEE FUEL SUMMARY BELOW)
573,390,490
06 CATERING
29,583,925
03 RECURRING RENT
38,610,248
01 GENERAL PAYABLES
675,311,751
17 INSURANCE
64,168,939
18 LANDING FEES
20,282,923
xxx OTHER
78,820,359
SUBTOTAL EXCLUDING PAYROLL
1,480,168,636
( C ) 
GROSS DISBURSEMENTS (tie to bank statement)
1,640,756,825
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES3
185,362,294
( D ) 
TAXES:
a. Federal Income Tax and FICA withholdings
66,758,723
b. State income tax w/held
8,063,309
c. State sales or use tax
175,394
d. Other 4
178,983,096
TOTAL TAXES
253,980,522
( E ) 
NET MONTHLY DISBURSEMENTS
$ 1,709,375,053
Forward to MOR Summary:
Officers Payroll
724,345
( A ) 
Non-Officer Payroll
159,863,844
( B ) 
Taxes
253,980,522
( E ) 
Necessary Operational Disbursements (less intercompany transfers)
1,294,806,341
(C-D) 
Sub Total
$ 1,709,375,053
Transferred to escrows / restricted cash
4,200,000
Total Amount to Transfer to MOR Summary
$ 1,713,575,053
1 Includes disbursement activity for all filing entities of UAL Corporation (refer to page 4).
2 Fuel Summary:
UAFC Fuel Disbursements
207,030,395 
United Fuel Disbursements
366,360,095 
Total Fuel Disbursements
573,390,490 
Less: Intercompany Transfers
(183,100,000)
Fuel Disbursements
$ 390,290,490 
3 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
4 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UAL CORPORATION 1 ACCTS: See Schedule G for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES1
19,253
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
19,253
GROSS DISBURSEMENTS (tie to bank statement)
19,253
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
19,253
1 Includes expenses incurred by members of the Board of Directors.
2Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UNITED AIRLINES, INC. 1 ACCTS: See Schedule G for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
724,345
xxx PAYROLL NON-OFFICER
158,367,872
04 AVIATION FUEL (Includes intercompany transfer to UAFC, see below)
366,360,095
06 CATERING
29,583,925
03 RECURRING RENT
38,610,248
01 GENERAL PAYABLES
666,391,608
17 INSURANCE
63,726,739
18 LANDING FEES
20,282,923
xxx OTHER 2
77,017,219
SUBTOTAL EXCLUDING PAYROLL
1,261,972,758
GROSS DISBURSEMENTS (tie to bank statement)
1,421,064,975
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
MyPoints.com, Inc.
-
Premier Meeting and Travel Services, Inc.
42,940
Confetti
1,348,865
Mileage Plus, Inc.
-
United Aviation Fuels Corporation
175,100,000
UAL Loyalty Services, Inc.
-
Domicile Management Services, Inc.
-
TOTAL TRANSFERS TO OTHER ACCOUNTS / ENTITIES3
176,491,805
TAXES:
a. Federal Income Tax and FICA withholdings
66,502,620
b. State income tax w/held
8,046,926
c. State sales or use tax
174,599
d. Other (specify) 4
178,978,872
TOTAL TAXES
253,703,017
NET MONTHLY DISBURSEMENTS
$ 1,498,276,187
1 Includes activity for United Airlines, Inc., UAL Company Services, Inc., United GHS, Inc., UAL Benefits Management, Inc. and Air Wisconsin, Inc.
2 Includes corporate volume agreements (APO8), maintenance (APO 9), crew housing (APO 11), damaged bags (APO 12), GSA's (APO14), group deposits (APO 15), tour payables (APO 16), lost baggage claims (APO 19), ORD JJ (APO 21), passenger facility charges (APO 22), cargo claims (APO 23), property work orders (APO 24), travel agency incentives (APO 25), back end commissions (APO 26),cargo correspondence (APO 29), employee travel expenses (APO 45), DIP fees and interest, 401K, pilot directed account plan and sick leave trust payments.
3 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
4 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK BANK ONE ACCT. 11-01955, 11-02250, 10-61639, 
ENTITY: UAL LOYALTY SERVICES, INC 1 ACCTS: 11-33545
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
2,601,457
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
1,310,525
SUBTOTAL EXCLUDING PAYROLL
3,911,982
GROSS DISBURSEMENTS (tie to bank statement)
3,911,982
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
$ 3,911,982
1 Includes disbursement activity for Mileage Plus Holdings, Inc. and Mileage Plus Marketing, Inc. 
2Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: MILEAGE PLUS HOLDINGS, INC 1 ACCTS: See Schedule G for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
2Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: MILEAGE PLUS MARKETING, INC 1 ACCTS: See Schedule G for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UAL COMPANY SERVICES, INC. 1 ACCTS: See Schedule G for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
MYPOINTS.COM, INC.  BANK Silicon Valley Bank #3300066117, 3300042163
ENTITY: AND SUBSIDIARIES 1 ACCTS: Silicon Valley Bank #3700276606
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
724,806 
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
2,528,669 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
2,528,669 
GROSS DISBURSEMENTS (tie to bank statement)
3,253,475 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 3
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
$ 3,253,475 
1 Includes disbursement activity for Cybergold, Inc., iTarget.com, Inc., MyPoints Offline Services, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
BANK Silicon Valley Bank #3300066117, 3300042163
ENTITY: CYBERGOLD, INC. 1 ACCTS: Silicon Valley Bank #3700276606
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through MyPoints.com, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
BANK Silicon Valley Bank #3300066117, 3300042163
ENTITY: iTARGET.COM, INC. 1 ACCTS: Silicon Valley Bank #3700276606
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through MyPoints.com, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
BANK Silicon Valley Bank #3300066117, 3300042163
ENTITY: MYPOINTS OFFLINE SERVICES, INC. 1 ACCTS: Silicon Valley Bank #3700276606
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through MyPoints.com, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: CONFETTI D/B/A AMENITI TRAVEL CLUB, INC. ACCTS: Bank One 000000001061639
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
83,030
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
1,454,355
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
1,454,355
GROSS DISBURSEMENTS (tie to bank statement)
1,537,385
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 1
-
TAXES:
a. Federal Income Tax and FICA withholdings
38,647
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 2
-
TOTAL TAXES
38,647
NET MONTHLY DISBURSEMENTS
1,576,032
1 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UAL BENEFITS MANAGEMENT, INC.1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through MyPoints.com, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UNITED BIZJET HOLDINGS, INC. ACCTS: Bank One #10-96072
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Includes disbursement activity for BizJet Fractional, Inc., BizJet Charter, Inc., and BizJet Services, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: BIZJET CHARTER, INC. 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through United BizJet Holdings, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: BIZJET FRACTIONAL, INC. 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through United BizJet Holdings, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: BIZJET SERVICES, INC. 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through United BizJet Holdings, Inc.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: KION LEASING, INC. 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Approximated from Income Statement for the month ended September 30, 2005.
2 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
PREMIER MEETING AND TRAVEL  BANK
ENTITY: SERVICES, INC. ACCTS: Bank One 5578531
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
1,632,643
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
1,632,643
GROSS DISBURSEMENTS (tie to bank statement)
1,632,643
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
870,490
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
268
d. Other 2
-
TOTAL TAXES
268
NET MONTHLY DISBURSEMENTS
$ 762,421
1 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
UNITED AVIATION FUELS  BANK
ENTITY: CORPORATION ACCTS: NORTHERN TRUST ACCT. 792705
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
207,030,395
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
207,030,395
GROSS DISBURSEMENTS (tie to bank statement)
207,030,395
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 1
8,000,000
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 2
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
$ 199,030,395
1 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UNITED COGEN , INC. ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
209,121
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
209,121
GROSS DISBURSEMENTS (tie to bank statement)
209,121
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 1
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 2
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
209,121
1 Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: MILEAGE PLUS, INC. ACCTS: SHORE BANK #17331100/17331200/17511000
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
681,169
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
259,640
17 INSURANCE
442,200
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
701,840
GROSS DISBURSEMENTS (tie to bank statement)
1,383,009
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 1
-
TAXES:
a. Federal Income Tax and FICA withholdings
217,456
b. State income tax w/held
16,383
c. State sales or use tax
2
d. Other 2
4,224
TOTAL TAXES
238,065
NET MONTHLY DISBURSEMENTS
$ 1,621,074
1Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
2 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UNITED GHS, INC. 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Disbursement activity conducted through United Airlines, Inc.
2Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UNITED WORLDWIDE CORPORATION 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Approximated from Income Statement for the month ended September 30, 2005.
2Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
 
 
 
BANK
ENTITY: UNITED VACATIONS, INC. 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-
GROSS DISBURSEMENTS (tie to bank statement)
-
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 2
-
TAXES:
a. Federal Income Tax and FICA withholdings
-
b. State income tax w/held
-
c. State sales or use tax
-
d. Other 3
-
TOTAL TAXES
-
NET MONTHLY DISBURSEMENTS
-
1 Approximated from Income Statement for the month ended September 30, 2005.
2Transfers in this section represent direct payments from / to various subsidiaries or affiliate companies. These amounts do not reflect payments made or received on behalf of a related subsidiary or affiliate entity.
3 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax and quarterly payments made to the INS, US Custom Fees and Department of Agriculture.

 
  </
BANK
ENTITY: FOUR STAR LEASING, INC. 1 ACCTS: List Accounts per attached list
(see schedule G for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES:
AMOUNT:
xxx PAYROLL OFFICER
-
xxx PAYROLL NON-OFFICER
-
04 AVIATION FUEL
-
06 CATERING
-
03 RECURRING RENT
-
01 GENERAL PAYABLES
-
17 INSURANCE
-
18 LANDING FEES
-
xxx OTHER
-
SUBTOTAL EXCLUDING PAYROLL
-