SECURITIES AND EXCHANGE COMMISSION  

UNITED STATES
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:  September 24, 2003
(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)








Item 5.            Other Events

On September 24, 2003, UAL Corporation filed its monthly operating report for the period August 1, 2003, through August 31, 2003, with the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division, a copy of which is attached hereto as Exhibit 99.1, 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.

We have also attached as Exhibit 99.2 a press release issued in connection with the filing of the monthly operating report.
 
 

Item 7.             Financial Statements and Exhibits.

(c) Exhibits          Description

       99.1             Monthly Operating Report of UAL Corporation for the period August 1, 2003, through August 31, 2003

       99.2             Press Release
 
 



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:  September 24, 2003

IN RE:                                                                                                                                                                            Exhibit 99.1
 
 
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
AUGUST 1, 2003 THROUGH AUGUST 31, 2003 
1 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
AUGUST 1, 2003 THROUGH AUGUST 31, 2003 
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. 0238064)
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: 9/24/03 DEBTOR-IN-POSSESSION
Print Name/Title:
Signature:
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 10Q to be filed by November 15, 2003)
C. Statements of Consolidated Cash Flows (Form 10Q to be filed by November 15, 2003)
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-1
5
Confetti Inc.
X-4
6
Mileage Plus Holdings, Inc.
X-4
7
Mileage Plus Marketing, Inc.
X-6
8
MyPoints.com, Inc.
X-4
9
Cybergold, Inc.
X-8
10
iTarget.com, Inc.
X-8
11
MyPoints Offline Services, Inc.
X-8
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 AUGUST 31, 2003 
($ amounts in 000's)
UAL
CONSOLIDATING
Total operating revenues
1,398,972 
Total operating expenses
1,294,458 
Earnings (loss) from operations
104,514 
Non-operating income (expenses):
Net interest expense
(31,779)
Other income (expenses), net:
(4,611)
Total non-operating income (expenses):
(36,390)
Earnings (loss) before income taxes
68,124 
Total tax provision (credit)
Net Earnings (loss) before Reorganization items
68,124 
Reorganization items
(114,389)
Net earnings (loss)
(46,265)

 
 
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 
For The Period Ending AUGUST 31, 2003 
(Amounts in US dollar $)
BEGINNING BALANCE (ending balance JULY 31, 2003 )
Operating Accounts - DOM
$28,229,512 
Operating Accounts - INT 
$20,778,588 
London Overnight Investment Balance 
$1,609,000 
Liquidity Pool
$1,509,718,990 
Restricted Cash 2
$714,332,210 
Subsidiaries:
a. Mileage Plus, Inc.
$785,928 
b. Premier Meeting and Travel Services, Inc.
$282,435 
c. MyPoints.com, Inc.
$20,761,758 
d. Domicile Management Services, Inc.
$136,706 
e. UAL Loyalty Services, Inc.
$414,337 
f. United Aviation Fuel Corporation
$2,465,177 
TOTAL BEGINNING BALANCE 
$2,299,514,640 
RECEIPTS (Summary of all domestic and international bank accounts):
1. Receipts from operations (net of Intercompany receipts)
$1,325,815,907 
2. Other receipts 3
$13,141,771 
TOTAL RECEIPTS (A)
$1,338,957,679 
DISBURSEMENTS (Summary of all accounts):
1. Net payroll 4
a. Officers
$924,366 
b. Non-Officer 
$188,571,038 
2. Taxes paid or deposited:
a. Federal Income Tax and FICA withholdings
$68,694,945 
b. State income tax w/held
$9,508,741 
c. State sales or use tax
$214,898 
d. Other 5
$80,089,429 
3. Necessary Operational Disbursements 6
a. Operating Disbursements (net of Intercompany disbursements)
$879,130,473 
b. Transferred to escrows / restricted cash
$0 
b. Other necessary expenses
$0 
TOTAL DISBURSEMENTS  (B)
$1,227,133,890 
NET RECEIPTS (Line (A) less Line (B))
$111,823,788 
ENDING BALANCE (BEGINNING BALANCE PLUS NET RECEIPTS)
$2,411,338,428 
Bank One Overnight Investment Account (month over month change) 7
($3,125,818)
TOTAL ENDING BALANCE 8
$2,408,212,610 
Check
ENDING BALANCE (as of AUGUST 31, 2003 )
Operating Accounts - DOM
$48,756,838 
Operating Accounts - INT
$18,941,937 
London Overnight Investment
$2,202,620 
Liquidity Pool
$1,613,984,054 
Restricted Cash 2
$698,420,839 
Subsidiaries:
Mileage Plus, Inc.
$723,500 
Premier Meeting and Travel Services, Inc.
$967,414 
MyPoints.com, Inc.
$20,389,868 
Domicile Management Services, Inc.
$110,240 
UAL Loyalty Services, Inc.
$445,358 
United Aviation Fuel Corporation
$3,269,942 
TOTAL ENDING BALANCE
$2,408,212,610 
1 See Page 4 for a list of the 28 filing entities.
2 Restricted cash does not include $200 million held in a Tax Trust Escrow nor restricted cash amounts associated with any non-filing entities. See Schedule C of this report for a description of the Tax Trust Escrow.
3 Includes $4.9 million draw against GE Capital Corporation Short-Term Liquidity Facility.
4 Includes information for domestic entities only.
5 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax.
6 Includes certain aircraft financing payments for the month of August (2003). These payments are highlighted in Schedule D of this report.
7 Account used to invest excess funds on a daily basis that are not transferred to liquidity pool.
8 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 F for list of bank accounts
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
1,355,519,145 
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY
3,386,588 
International Operational Receipts 2
BEG BALANCE (LESS) ENDING BALANCE 
112,216,136 
PLUS NET REPATRIATION
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,471,121,869 
( A )
Other Non-Operational Receipts 3
SEE FOOTNOTE BELOW
13,141,771 
( B )
Less, Non-filing entities
NONE FOR THIS PERIOD
GROSS RECEIPTS (tie to bank statements)
1,484,263,640 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
145,305,962 
( D )
NET RECEIPTS
$1,338,957,679 
Forward to MOR Summary:
Receipts from operations (net of Intercompany receipts)
1,325,815,907 
(A-D )
Other receipts
13,141,771 
( B )
$1,338,957,679 
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 $107,552,210.
3 Includes net activity related to the London overnight investment account, interest income, aircraft and other asset sales, local station bank activity, transfers to restricted cash, and a $4.9 million draw against GE Capital Corporation short-term liquidity facility.

 
 
BANK
ENTITY: LIQUIDITY POOL 1 ACCTS: Bank One Acct. #51-67795
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
1,182,933,460 
Domestic Operational Receipts
NON BANK ONE / JP MORGAN CHASE ACTIVITY
Total Non-Bank One Receipts
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
$111,975,503 
PLUS NET REPATRIATION
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,294,908,964 
Other Non-Operational Receipts 2
SEE FOOTNOTE BELOW
$13,120,107 
Less, Non-filing entities
NONE FOR THIS PERIOD
GROSS RECEIPTS 
1,308,029,070 
UAL
UAL Loyalty Services, Inc.
100,000 
UAL Company Services, Inc.
Confetti Inc.
MyPoints.com, Inc.
986,637 
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.
81,479 
United Aviation Fuels Corporation 
28,215,000 
United Cogen, Inc.
Mileage Plus, Inc.
5,793 
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
29,388,909 
NET RECEIPTS
$1,278,640,161 
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, transfers to restricted cash, and a $4.9 million draw against GE Capital Corporation short-term liquidity facility.

 
 
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 F 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)
1,786,588 
Total Non-Bank One Receipts
1,786,588 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,786,588 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
13,393 
Less, Non-filing entities
NONE FOR THIS PERIOD
GROSS RECEIPTS (tie to bank statement)
1,799,981 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
NET RECEIPTS
1,799,981 
BANK STATEMENT RECONCILIATION:
Beginning Balance
$20,761,758 
Receipts
1,799,981 
Disbursments
(2,171,871)
Reconciled Ending Balance
$20,389,868 
Reported Ending Balance
$20,389,868 
Difference
$0 
1 Includes receipt activity for Cybergold, Inc., iTarget.com, Inc., MyPoints Offline Services, Inc.

 
PREMIER MEETING & TRAVEL  BANK
ENTITY: SERVICES, INC. ACCTS: Bank One 55-78531
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
946,005 
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
946,005 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
169 
Less, Non-filing entities
NONE FOR THIS PERIOD
GROSS RECEIPTS (tie to bank statement)
946,174 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
190,201 
NET RECEIPTS
755,973 
BANK STATEMENT RECONCILIATION:
Beginning Balance
$282,435 
Receipts
946,174 
Disbursments
(261,195)
Reconciled Ending Balance
$967,414 
Reported Ending Balance
$967,414 
Difference
$0 

 
 
BANK
ENTITY: MILEAGE PLUS, INC. ACCTS: SHORE BANK #17331100/17331200/17511000
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
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
1,600,000 
Other Non-Operational Receipts 
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
8,489 
Less, Non-filing entities
NONE FOR THIS PERIOD
GROSS RECEIPTS (tie to bank statement)
1,608,489 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
1,600,000 
NET RECEIPTS
8,489 
BANK STATEMENT RECONCILIATION:
Beginning Balance
$785,928 
Receipts
1,608,489 
Disbursments
(1,670,918)
Reconciled Ending Balance
$723,500 
Reported Ending Balance
$723,500 
Difference
$0 

 
 
UNITED AVIATION FUELS BANK
ENTITY: CORPORATION ACCTS: NORTHERN TRUST ACCT. 792705
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
165,971,157 
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
165,971,157 
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)
165,971,157 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES (Provide detail above)
108,220,000 
NET RECEIPTS
57,751,157 
BANK STATEMENT RECONCILIATION:
Beginning Balance
2,465,177 
Receipts
165,971,157 
Disbursments
(165,166,392)
Reconciled Ending Balance
$3,269,942 
Reported Ending Balance
$3,269,942 
Difference
($0)

 
 
BANK BANK ONE ACCT. 11-01955, 11-02250, 
ENTITY: UAL LOYALTY SERVICES, INC. ACCTS: 10-61639, 11-33545
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE / JP MORGAN CHASE ACTIVITY
5,668,522 
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
5,668,522 
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)
5,668,522 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
5,666,219 
NET RECEIPTS
2,303 
BANK STATEMENT RECONCILIATION:
Beginning Balance
$414,337 
Receipts
5,668,522 
Disbursments
(5,637,500)
Reconciled Ending Balance
$445,358 
Reported Ending Balance
$445,358 
Difference
$0 

 
 
BANK
ENTITY: DOMICILE MGMT SERVICES, INC. ACCTS: Citibank #0-157487-016
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
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
240,633 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
240,633 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
(386)
Less, Non-filing entities
NONE FOR THIS PERIOD
GROSS RECEIPTS (tie to bank statement)
240,247 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
240,633 
NET RECEIPTS
(386)
BANK STATEMENT RECONCILIATION:
Beginning Balance 
136,706 
Receipts
240,247 
Disbursments 
(266,713)
Reconciled Ending Balance
$110,240 
Reported Ending Balance 
$110,240 
Difference
$0 

 
 
 
BANK
ENTITY: DISBURSEMENT SUMMARY 1 ACCTS: See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
924,366 
( A ) 
xxx PAYROLL NON-OFFICER
188,571,038 
( B ) 
04 AVIATION FUEL 2 (SEE FUEL SUMMARY BELOW)
335,919,159 
06 CATERING
28,487,207 
03 RECURRING RENT
18,707,709 
01 GENERAL PAYABLES
513,620,390 
17 INSURANCE
51,708,580 
18 LANDING FEES
23,270,259 
xxx OTHER
52,723,130 
SUBTOTAL EXCLUDING PAYROLL
1,024,436,434 
( C ) 
GROSS DISBURSEMENTS (tie to bank statement)
1,213,931,838 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
145,305,962 
( D ) 
TAXES:
a. Federal Income Tax and FICA withholdings
68,694,945 
b. State income tax w/held
9,508,741 
c. State sales or use tax
214,898 
d. Other 3
80,089,429 
TOTAL TAXES
158,508,014 
( E ) 
NET MONTHLY DISBURSEMENTS
$ 1,227,133,890 
Forward to MOR Summary:
Officers Payroll
924,366 
( A ) 
Non-Officer Payroll
188,571,038 
( B ) 
Taxes
158,508,014 
( E ) 
Necessary Operational Disbursements (less intercompany transfers)
879,130,473 
(C-D) 
$ 1,227,133,890 
1 Includes disbursement activity for all filing entities of UAL Corporation (refer to page 4).
2 Fuel Summary:
UAFC Fuel Disbursements
165,166,392 
United Fuel Disbursements
170,752,767 
Total Fuel Disbursements
335,919,159 
Less: Intercompany Transfers
(136,435,000)
Fuel Disbursements
$ 199,484,159 
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 CORPORATION 1 ACCTS: See Schedule F 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
69,738 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
69,738 
GROSS DISBURSEMENTS (tie to bank statement)
69,738 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
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
69,738 
1 Includes expenses incurred by members of the Board of Directors.
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 AIRLINES, INC. 1 ACCTS: See Schedule F for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
924,366 
xxx PAYROLL NON-OFFICER
187,094,930 
04 AVIATION FUEL (Includes intercompany transfer to UAFC, see below)
170,752,767 
06 CATERING
28,487,207 
03 RECURRING RENT
18,707,709 
01 GENERAL PAYABLES
508,354,244 
17 INSURANCE
51,708,580 
18 LANDING FEES
23,270,259 
xxx OTHER 2
52,723,130 
SUBTOTAL EXCLUDING PAYROLL
854,003,896 
GROSS DISBURSEMENTS (tie to bank statement)
1,042,023,192 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
MyPoints.com, Inc.
Premier Meeting and Travel Services, Inc.
190,201 
Mileage Plus, Inc.
1,600,000 
United Aviation Fuels Corporation
108,220,000 
UAL Loyalty Services, Inc.
5,666,219 
Domicile Management Services, Inc.
240,633 
TOTAL TRANSFERS TO OTHER ACCOUNTS / ENTITIES
115,917,053 
TAXES:
a. Federal Income Tax and FICA withholdings
68,350,015 
b. State income tax w/held
9,480,994 
c. State sales or use tax
212,256 
d. Other (specify) 3
76,855,300 
TOTAL TAXES
154,898,566 
NET MONTHLY DISBURSEMENTS
$ 1,081,004,704 
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 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

ACCTS:

BANK ONE ACCT. 11-01955, 11-02250, 10-61639, 11-33545
ENTITY: UAL LOYALTY SERVICES, INC 1 (see schedule F 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
2,437,500 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
2,437,500 
GROSS DISBURSEMENTS (tie to bank statement)
2,437,500 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
100,000 
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 2
3,200,000 
TOTAL TAXES
3,200,000 
NET MONTHLY DISBURSEMENTS
$ 5,537,500 
1 Includes disbursement activity for Confetti, Inc., Mileage Plus Holdings, Inc. and Mileage Plus Marketing, Inc. 
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 HOLDINGS, INC 1 ACCTS: See Schedule F 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
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
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
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 MARKETING, INC 1 ACCTS: See Schedule F 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
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
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
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: CONFETTI, INC 1 ACCTS: See Schedule F 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
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
1 Disbursement activity conducted through UAL Loyalty Services, Inc.
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 COMPANY SERVICES, INC. 1 ACCTS: See Schedule F 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
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
1 Disbursement activity conducted through United Airlines, Inc.
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.

 
 
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 F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
530,282 
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
1,641,589 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
1,641,589 
GROSS DISBURSEMENTS (tie to bank statement)
2,171,871 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
986,637 
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
$ 1,185,234 
1 Includes disbursement activity for Cybergold, Inc., iTarget.com, Inc., MyPoints Offline Services, Inc.
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.

 
 
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 F 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
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
1 Disbursement activity conducted through MyPoints.com, Inc.
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.

 
 
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 F 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
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
1 Disbursement activity conducted through MyPoints.com, Inc.
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.

 
 
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 F 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
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
1 Disbursement activity conducted through MyPoints.com, Inc.
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 F 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
273,617 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
273,617 
GROSS DISBURSEMENTS (tie to bank statement)
273,617 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 1
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
273,617 
1 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 F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
939,036 
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
325,075 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
325,075 
GROSS DISBURSEMENTS (tie to bank statement)
1,264,111 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
5,793 
TAXES:
a. Federal Income Tax and FICA withholdings
344,930 
b. State income tax w/held
27,747 
c. State sales or use tax
d. Other 1
34,129 
TOTAL TAXES
406,806 
NET MONTHLY DISBURSEMENTS
$ 1,665,124 
1 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 F 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
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
1 Disbursement activity conducted through United Airlines, Inc.
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 WORLDWIDE CORPORATION 1 ACCTS: List Accounts per attached list
(see schedule F 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
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
1 Approximated from Income Statement for the month ended August 31, 2003.
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 VACATIONS, INC. 1 ACCTS: List Accounts per attached list
(see schedule F 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
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
1 Approximated from Income Statement for the month ended August 31, 2003.
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: FOUR STAR LEASING, INC. 1 ACCTS: List Accounts per attached list
(see schedule F 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
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
1 Approximated from Income Statement for the month ended August 31, 2003.
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: AIR WISCONSIN, INC. 1 ACCTS: See Schedule F 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 151 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL 151 
GROSS DISBURSEMENTS (tie to bank statement) 151 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
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 151 
1 Disbursement activity conducted through United Airlines, Inc.
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: AIR WISCONSIN SERVICES, INC 1 ACCTS: List Accounts per attached list
(see schedule F 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
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
1 Disbursement activity conducted through Air Wisconsin, Inc.
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: DOMICILE MGMT SERVICES, INC. ACCTS: Citibank #0-157487-016
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER 6,790 
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES 259,640 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL 259,640 
GROSS DISBURSEMENTS (tie to bank statement) 266,430 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax 283 
d. Other 1
TOTAL TAXES 283 
NET MONTHLY DISBURSEMENTS $ 266,713 
1 Includes US Federal fuel tax, transportation tax, transportation security fees, personal property tax, excise tax, liquor tax, unemployment tax, state & city tax, quarterly payments made to the INS, and US Custom Fees and Department of Agriculture.

 
 
SCHEDULE A and B - Payments to Insiders and Insurance
Insurance
The undersigned verifies that, to the best of my knowledge, all insurance premiums for the policies held by all legal entities of UAL Corporation have been paid to the proper insurance company or broker when due, and that all insurance policies are in force as of August 31, 2003
Signature
Print Name and Title
Date
Insider Payments
The undersigned verifies that, all payments made to insiders, as defined in 11 U.S.C. Section 101 of the U.S. Bankruptcy Code, during the reporting period have been made in the ordinary course of business or in accordance with the provisions of an Order entered by the U.S. Bankruptcy Court.
Signature
Print Name and Title
Date

 
 
SCHEDULE C - Description of Tax Trusts
Escrow Accounts
The Debtors have created an escrow account to ensure that adequate funds are available to pay outstanding fiduciary tax obligations owed to the federal government as well as state and local jurisdictions in the event that the Debtors cease operations. These trust funds are described below.
Escrow Fund
This escrow fund was established with LaSalle Bank on November 29, 2002 and funded on December 5, 2002 with an initial funding of $200 million to account for the estimated tax liability of UAL Corporation, UAL Loyalty Services, Inc., Confetti, Inc., Mileage Plus Holdings, Inc., Mileage Plus Marketing, Inc., MyPoints.com, Inc., Cybergold, Inc., itarget.com, Inc., MyPoints Offline Services, Inc., UAL Company Services, Inc., Four Star Leasing, Inc.,Air Wisconsin Services, Inc., Air Wisconsin, Inc., Domicile Management Services, Inc., UAL Benefits Management, Inc., United BizJet Holdings, Inc., BizJet Charter, Inc., BizJet Fractional, Inc., BizJet Services, Inc., United Air Lines, Inc., Kion Leasing, Inc., Premier Meeting and Travel Services, Inc., United Aviation Fuel Corporation, United Cogen, Inc., Mileage Plus, Inc., United GHS, Inc., United Worldwide Corporation, and United Vacations, Inc. No subsequent funding or payments are made from the escrow account.
The components of the Escrow fund:
w Federal payroll withholding taxes, FICA (employee portion), and Medicare;
w Federal air transportation excise taxes;
w Federal security charges;
w Federal Animal and Plan Health Inspection Service of the U.S. Department of Agriculture ("APHIS");
w Federal Immigration and Naturalization Service (INS) fees;
w Federal customs fees;
w State and local income tax withholding;
w Disability taxes;
w Passenger facility charges ("PFC");
w State sales and use taxes;
w Federal and state fuel taxes

 
 
SCHEDULE D - - Payments to Secured Creditors and Lessors
Name of Creditor or Lessor Type
Date Regular Payment is Due
Amount of Regular Payment
Check # of Payments
Number of Payments Delinquent*
Amount of Payments * Delinquent
CORPORATE TRUST SERVICES AIRCRAFT
8/1/03
110,000.00 
WACHOVIA TRUST COMPANY NA AIRCRAFT
8/1/03
65,000.00 
WEST LB AIRCRAFT
8/4/03
422,952.81 
IAE AIRCRAFT
8/8/03
1,620,000.00 
US BANK AIRCRAFT
8/8/03
130,000.00 
WELLS FARGO BANK NORTHWEST, N.A. AIRCRAFT
8/8/03
80,000.00 
WILMINGTON TRUST COMPANY AIRCRAFT
8/8/03
130,000.00 
JP MORGAN CHASE BANK AIRCRAFT
8/12/03
440,000.00 
PK AIRFINANCE AIRCRAFT
8/13/03
1,177,000.00 
US BANK AIRCRAFT
8/15/03
400,000.00 
WELLS FARGO BANK NORTHWEST, N.A. AIRCRAFT
8/15/03
5,000,000.00 
WILMINGTON TRUST COMPANY AIRCRAFT
8/15/03
1,000,000.00 
US BANK AIRCRAFT
8/18/03
300,000.00 
WELLS FARGO BANK NORTHWEST, N.A. AIRCRAFT
8/18/03
3,531,000.00 
TRANSAMERICA AVIATION LLC AIRCRAFT
8/25/03
170,000.00 
PK AIRFINANCE AGENCY FEE
8/29/03
284,440.98 
US BANK AIRCRAFT
8/29/03
85,000.00 
WELLS FARGO BANK NORTHWEST, N.A. AIRCRAFT
8/29/03
4,580,351.89 
WEST LB AIRCRAFT
8/29/03
1,563,482.54 
WINSTON & STRAWN LLP LEGAL FEE
8/29/03
15,000.00 
TOTAL
21,104,228.22 

 
 
SCHEDULE E - Professional Payments
PROFESSIONAL GROUP
MONTH AMOUNT AUTHORIZED
MONTH AMOUNT PAID
Babcock & Brown
392,996.09
392,996.09
Bain & Company
430,845.24
430,845.24
Cognizant Associates
48,324.62
48,324.62
Huron Consulting Group
605,248.98
605,248.98
KPMG
839,976.40
839,976.40
Kirkland & Ellis
2,179,525.77
2,179,525.77
Mercer Management Consulting
1,167,933.88
1,167,933.88
Poorman Douglas
268,988.39
268,988.39
Rothschild
204,417.12
204,417.12
Saybrook Capital
199,482.58
199,482.58
Sonnenschein
1,225,290.31
1,225,290.31
Vedder Price
1,214,340.84
1,214,340.84
Committee of Unsecured Creditors
10,373.76
10,373.76
Total
8,787,743.98
1 Professionals, for the purpose of this report, are defined as those who have filed a Professional Retention with the Federal Bankruptcy 
Court and whom are subject to the Interim Compensation Motion. All professional fees and expenses incurred in August have been
accrued and reported on the Debtor's Balance Sheet. In instances in which fee applications have been received and the associated
payments have been made, the accrual has been adjusted and the actual activity has been reflected in the Debtor's Accounts Payable.

 
 
SCHEDULE F - Accounts Receivable and Accounts Payable Schedule
STATEMENT OF AGED RECEIVABLES 
Tie -out
Consol. Filed Non-Filed
A/R Entities Entities
Beginning of month balance1
$1,073,792,556 
#########
$1,128,370,625
$2,779,375
Add: sales on account
$1,507,856,095 
Less: collections
($1,449,304,871)
Less: Write-offs and Clearing
($3,973,155)
End of month balance
$1,128,370,625 
0 - 30 Days2
31 - 60 Days2
61 - 90 Days2
Over 90 Days2
End of Month Total
$976,040,591 
$67,702,238 
$29,337,636 
$55,290,161 
$1,128,370,625 
1 Includes accruals for unprocessed sales for which the Debtor has not sent an invoice during the reporting period.
2 Accounts receivable aging based upon the previous month's aging percentage.
STATEMENT OF ACCOUNTS PAYABLE (POST PETITION)
Consolidated Filing Entities
Tie -out
Consol. Filed Non-Filed
A/P Entities Entities
Beginning of month balance 1
$270,603,826 
$240,589,480
$239,092,865
$1,496,615
Add: credit extended
$1,054,073,561 
Less: payments on account
($1,085,584,522)
End of month balance
$239,092,865 
0 - 30 Days
31 - 60 Days 2
61 - 90 Days 2
Over 90 Days 2
End of Month Total
$237,814,884 
$463,726 
$814,255 
$0 
$239,092,865 
1 Includes accruals for goods and services received for which the Debtor has not yet received an invoice during the reporting period.
2 All trade payables over 30 days old are available upon request.

 
 
 
SCHEDULE G - - Bank Accounts and Financial Institution Relationships
The Debtors' businesses and financial affairs require the collection, disbursement and movement of funds through numerous bank accounts. In addition to the 177 domestic bank accounts, the Debtor operates 107 accounts in approximately 47 countries around the world.
A list of the Debtor's bank accounts is detailed below:
(*denotes new account or closed account for this monthly operating report as compared to prior monthly operating report)
DOMESTIC BANK ACCOUNTS
Financial Institution Account Location Acct #
1ST SOURCE BANK South Bend, IN n/a
AMSOUTH BANK Birmingham, AL n/a
AMSOUTH BANK Knoxville, TN n/a
ASSOCIATED BANK -WI Madison, WI n/a
BANK OF AMERICA North Charleston, SC n/a
BANK OF AMERICA Baltimore, MD n/a
BANK OF AMERICA Savannah, GA n/a
BANK OF AMERICA Greenville, SC n/a
BANK OF AMERICA Richmond, VA n/a
BANK OF AMERICA Greensboro, NC n/a
BANK OF AMERICA Wichita, KS n/a
BANK OF AMERICA Springfield, MO n/a
BANK OF AMERICA Kansas City, MO n/a
BANK OF AMERICA Portland, OR n/a
BANK OF AMERICA Austin, TX n/a
BANK OF AMERICA San Antonio, TX n/a
BANK OF AMERICA San Francisco, CA n/a
BANK OF AMERICA San Francisco, CA n/a
BANK OF AMERICA San Francisco, CA n/a
BANK OF AMERICA San Francisco, CA n/a
BANK OF AMERICA CALIF PZ San Francisco, CA n/a
Bank of America PZ-CA DeKalb, Ga n/a
BANK OF AMERICA SFOTK San Francisco, CA n/a
BANK OF AMERICA -SILVER WINGS San Francisco, CA n/a
BANK OF AMERICA WASHINGTON Seattle, WA n/a
BANK OF HAWAII Honolulu, HI n/a
BANK OF ILLINOIS (Air Wisconsin) Normal, IL n/a
BANK OF NEW YORK New York, NY n/a
BANK OF NEW YORK White Plains, NY n/a
BANK OF OKLAHOMA Tulsa, OK n/a
BANK OF THE WEST San Jose, Ca n/a
BANK ONE Chicago, IL (Miami Cluster) n/a
BANK ONE Grand Rapids, MI n/a
BANK ONE (Tickets By Mail) Detroit, MI n/a
BANK ONE Detroit, MI n/a
BANK ONE Lexington, KY n/a
BANK ONE Chicago, IL n/a
BANK ONE (AirWisconsin) Traverse City, MI n/a
BANK ONE (CAFETERIA) Chicago, IL n/a
BANK ONE Chicago, IL n/a
BANK ONE Chicago, IL n/a
BANK ONE Chicago, IL n/a
BANK ONE Chicago, IL n/a
BANK ONE INDIANAPOLIS Indianapolis, IN n/a
BANK ONE OF OKLAHOMA Oklahoma City, OK n/a
CANADIAN IMPERIAL Toronto, Ontario Canada n/a
CANANDAIGUA NAT BANK & TRUST Pittsford, NY n/a
CAPITAL CITY BANK & TRUST CO Atlanta, Ga n/a
CAPITAL SAVINGS BANK El Paso, TX n/a
Charter One Bank Binghamton, NY n/a
CHASE BANK New York, NY n/a
CHASE MANHATTAN BANK (FirstBank) St. Thomas, USVI n/a
CHASE MANHATTAN BANK New York, NY (LGA) n/a
CHITTENDEN TRUST CO Burlington, VT n/a
CITIBANK New York, NY n/a
CITIBANK New York, NY n/a
CITIBANK (EMP WELFARE) New York, NY n/a
CITIBANK, N.A. Jamaica, NY (JFK) n/a
City National Bank Charleston, WV n/a
COMERICA Detroit, MI n/a
COMERICA (AirWisconsin) Lansing, MI n/a
COMMUNITY BANK OF COLORADO CO Gunnison, CO n/a
FIFTH THIRD BANK Florence, KY n/a
FIFTH THIRD BANK Kalamazoo, MI n/a
FIRST BANK OF AVON Avon, CO n/a
FIRST CITIZENS BANK Raleigh, NC n/a
FIRST CITIZENS BK-RALEIGH Charlotte, NC n/a
FIRST HAWAIIAN BANK Honolulu, HI n/a
FIRST MIDWEST BANK Moline, IL n/a
FIRST NATIONAL BANK OF ROCKIES Hayden, CO n/a
FIRST UNION Philadelphia, PA n/a
FIRST UNION BANK Allentown, PA n/a
FIRST UNION BANK Roanoke, VA n/a
FIRST UNION BANK Newark, NJ n/a
FIRST UNION BANK