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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 Operation and Financial Condition |
| On January 27, 2006, UAL Corporation (the "Company") issued a press release announcing its financial results for the fourth quarter and full year 2005. The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. | |
| Item 7.01 | Regulation FD Disclosure. |
| On January 27, 2006, UAL Corporation filed its monthly operating report for the period December 1, 2005 through December 31, 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 provided hereunder as Exhibit 99.2. | |
| Item 9.01 | Financial Statements and Exhibits. | ||
| (c) |
|
Description | |
|
|
Press Release | ||
|
|
Monthly Operating Report of UAL Corporation for the period December 1, 2005 through December 31, 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: January 27, 2006
EXHIBIT INDEX
| Exhibit No. | Description |
| 99.1* | Press Release |
| 99.2* | Monthly Operating Report of UAL Corporation for the period December 1, 2005 through December 31, 2005 |
* Filed herewith electronically.
Exhibit 99.1
United
News Release
Worldwide Communications:
Media Relations Office: 847.700.5538
Evenings/Weekends: 847.700.4088
UAL CORPORATION REPORTS FOURTH QUARTER
AND FULL YEAR 2005 RESULTS
Operating Earnings Improve Despite Markedly Higher Fuel Prices
Company Prepared to Exit Chapter 11 in Early February
CHICAGO, January 27, 2006 - - UAL Corporation (OTCBB: UALAQ.OB), the holding company whose primary subsidiary is United Airlines, today reported its fourth quarter and full year 2005 financial results.
"We have made fundamental, sustainable changes to United's business and established a solid financial platform," said Glenn Tilton, United's chairman, CEO and president. "Moving forward, our focus is on our customers and continuous improvement in everything we do to drive increased margins and renew profitability. Although operating earnings for both the fourth quarter and the full year 2005 have improved significantly - despite an increase in system fuel price of over 40 percent - - we know we can do better. We will continue to contain costs, apply sound revenue management and deliver consistent service to our customers."
UAL reported a fourth quarter operating loss of $182 million, a $388 million improvement over the same quarter last year, as revenue improvement and non-fuel cost reduction more than offset a $397 million increase in fuel costs for mainline and regional operations. The company reported a full-year operating loss of $219 million, a $635 million improvement year-over-year, driven by a $1 billion increase in revenue and a $1 billion reduction in non-fuel costs partially offset by $1.4 billion higher fuel costs for mainline and regional operations.
UAL reported a fourth quarter net loss of $17 billion, or $145 per basic share, including non-cash reorganization expenses of $17 billion as described below. Full-year net loss totaled $21 billion, or $182 per basic share, including reorganization expenses of $21 billion. The company believes the best indicator of United's post-reorganization financial performance is its net losses excluding reorganization and special items. Excluding reorganization and special items, UAL reported a net loss for the fourth quarter and full year totaling $297 million and $557 million, respectively. This represents a year-over-year improvement of $333 million and $729 million for the fourth quarter and full year, respectively.
The $17 billion of reorganization items recorded in the fourth quarter represent mostly unsecured claims allowed during the bankruptcy process. These claims, along with similar unsecured claims that the company has recognized in prior periods of the reorganization, are expected to be settled when the company exits bankruptcy for a minor fraction of the amount of the claims recorded. As a result, the company expects to report a substantial gain at exit in early 2006. It is important to note that these items are not expected to have a significant impact on the company's cash position.
United Prepared to Exit Bankruptcy in Early February
On January 20, 2006, the Bankruptcy Court confirmed United's Plan of Reorganization, and the company is prepared to exit on the effective date of the plan, in early February 2006. Over the last three years, United has methodically worked its way through a difficult and multifaceted restructuring, compounded by an unprecedented confluence of external challenges and fundamental changes taking place in the airline industry, with its unparalleled worldwide network, valuable brand and other assets intact. The company has made sustainable improvements in its cost structure, revenue management and operations. United has successfully:
* Achieved significant cost reductions that are expected to result in $7
billion of average annual cost savings by
2010;
* Resized and redeployed the fleet to better meet market demand and increase
operational flexibility;
* Enhanced products and services with the launch of TedSM, p.s.
SM, and explusSM;
* Improved operational performance across the board;
* Outperformed the industry in revenue improvement;
* Secured $3 billion in all-debt exit financing;
* Received solid credit ratings for our business and financing facility
from both Moody's and Standard &
Poor's that are better than the ratings of our network peers; and,
* Upon exit, will emerge with a stronger balance sheet after eliminating
$13 billion of debt and pension
obligations.
"In every year of our restructuring, United has steadily improved operating earnings. Our cost per available seat mile (CASM) is now competitive, and revenue continues to outpace the industry average," said Jake Brace, United's executive vice president and chief financial officer. "The recent over-subscription by our lenders of United's exit financing facility demonstrates the market's confidence that United now has the financial and operating flexibility to meet the shifting challenges in our industry, including current high fuel prices."
Revenue Results
During the quarter, mainline passenger unit revenue (PRASM) increased 12 percent and yield increased 8 percent, compared to the fourth quarter of last year. United's PRASM performance outperformed the industry average improvement by 1 point. System load factor increased 3 points to 80 percent over the same period. Results for the fourth quarter of 2005 reflect essentially flat traffic on a 4 percent reduction in system capacity compared with the same period last year. United expects its system length-of-haul adjusted passenger unit revenue to be among the best in the industry. The company continues to see fares increasing industry-wide. United is benefiting from the early decision to move aircraft capacity to more profitable international routes, and is also benefiting from capacity reductions by the company's U.S. competitors in domestic and Asian markets, especially Japan. Total revenue for the fourth quarter and full year improved 10 percent and 6 percent, respectively.
United's strategy of market segmentation is intended to maximize margins from high-yield business travelers and to control costs while offering more price-sensitive leisure travelers the right service at the right price. The company is committed to enhancing the customer experience with such industry-leading products as United Economy PlusSM service, explus premium service on 70-seat regional jets for United Express®, and United's p.s., premium transcontinental service between New York and Los Angeles or San Francisco. At the same time, United's low fare leisure product Ted has been expanded in 2005 from 47 to 56 aircraft serving 20 airports with over 240 daily departures from all United hubs and is a valuable addition to United's portfolio of products. 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.
"We are offering United's customers the wide range of choices in products and services they demand in today's market, at prices they are willing to pay. Both Ted and p.s. are showing double-digit margin improvements," said John Tague, executive vice president - marketing, sales and revenue. "United will continue to be competitive on price and we are expanding our efforts to better merchandise our services to generate additional revenue. For example, Economy Plus is successfully generating upsell revenue after the initial ticket purchase. Our corporate sales force has been revamped and, armed with United's differentiated premium product offerings, is booking good account wins for higher-yield business travel."
Operating Expenses
During the fourth quarter, mainline operating expense per available seat mile increased by 4 percent from the year-ago quarter largely driven by a 4 percent decrease in capacity and a 44 percent increase in mainline fuel price. Excluding fuel and special items, mainline operating expenses per available seat mile decreased 7 percent.
Mainline fuel expense was $324 million higher than in the fourth quarter 2004. Fuel expense is the company's single largest expense item, surpassing salaries and related expenses. Average mainline fuel price for the quarter was $2.09 per gallon (including taxes). Salaries and related costs were down 27 percent, or $337 million, primarily reflecting labor and benefit cost reductions, including an 8 percent reduction in manpower. Total operating expenses for the quarter and full year were flat and up 2 percent, respectively.
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 $1.8 billion, and a restricted cash balance of $957 million, for a total cash balance of $2.7 billion. The unrestricted cash balance increased by $49 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 arrival 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 4 percent for the quarter compared to the same period in 2004.
During the fourth quarter, reallocation of aircraft capacity to international markets and further optimization of United's domestic schedule contributed to an increase in mainline fleet utilization of 3 percent compared to the same period last year. As a result, year-over-year the company reduced the number of aircraft in its mainline fleet by 7 percent, while reducing system available seat miles by only 4 percent.
In 2005, the company depeaked its hub in Los Angeles through optimization of the schedule. This initiative reduced costs and increased efficiency, and, by allowing us to eliminate the remote United Express terminal, it also improved the customer experience. In 2006, the company will continue resource optimization and depeaking throughout the United system, beginning with San Francisco in the first quarter. The company plans to eliminate the remote United Express facility in San Francisco as well.
"We will continue to find and implement ways to increase the efficient and effective deployment and utilization of United's core assets," said Pete McDonald, United's chief operating officer. "United employees are engaged in systemwide resource optimization projects that we expect will free up at least 10 aircraft in 2006. We will concentrate on further improving productivity, reliability and cost reduction, while maintaining our focus on delivering consistent service."
Outlook
United expects system mainline capacity to be up approximately 1 percent year-over-year for the first quarter, driven by improved aircraft utilization through the company's resource optimization effort.
The company expects mainline fuel price for the first quarter to average $1.92 per gallon, and for the full-year to average $1.81 per gallon (including taxes). Currently the company has no hedges in place for 2006. For the full-year 2006, the company anticipates fuel expense for mainline and the company's regional affiliates' operations will increase by approximately $885 million over its previous assumption, which was based on a mainline fuel price of $1.48 per gallon (including taxes). The previous assumptions were more fully described in the company's Updated G6 financial projections contained in Exhibit 99.1 to the Form 8-K filed with the SEC on January 17, 2006. The company expects to be able to offset some, but not all, of this increase through higher revenues.
December Monthly Operating Report
UAL today also filed with the United States Bankruptcy Court its Monthly Operating Report for December 2005. The filing entities of the company posted a $122 million operating loss for December. This compares to a $311 million operating loss in the same month last year. Mainline unit revenue improved 12 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 8 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 consummate its plan of reorganization with respect to the Chapter 11 cases; 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.
# # #
|
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|||
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|
|||
|
|
|||
|
|
|||
| (In accordance with GAAP) |
|
||
|
|
|
|
|
| Operating revenues: | |||
| Passenger - United Airlines |
$ 3,230
|
$ 2,995
|
7.8
|
| - Regional Affiliates |
611
|
490
|
24.7
|
| Cargo |
203
|
218
|
(6.9)
|
| Other operating revenues |
342
|
285
|
20.0
|
|
4,386
|
3,988
|
10.0
|
|
| Operating expenses: | |||
| Aircraft fuel |
1,166
|
842
|
38.5
|
| Salaries and related costs |
934
|
1,271
|
(26.5)
|
| Regional affiliates |
694
|
693
|
0.1
|
| Purchased services |
405
|
369
|
9.8
|
| Aircraft maintenance |
236
|
185
|
27.6
|
| Depreciation and amortization |
236
|
213
|
10.8
|
| Landing fees and other rent |
222
|
254
|
(12.6)
|
| Cost of sales |
205
|
156
|
31.4
|
| Aircraft rent |
86
|
129
|
(33.3)
|
| Commissions |
78
|
65
|
20.0
|
| Special operating items |
-
|
-
|
-
|
| Other operating expenses |
306
|
381
|
(19.7)
|
|
4,568
|
4,558
|
0.2
|
|
| Loss from operations |
(182)
|
(570)
|
(68.1)
|
| Other income (expense): | |||
| Interest expense |
(133)
|
(112)
|
18.8
|
| Interest capitalized |
1
|
-
|
-
|
| Interest income |
20
|
6
|
-
|
| Gain on sale of investments |
-
|
158
|
(100.0)
|
| Special non-operating items |
-
|
-
|
-
|
| Miscellaneous, net |
(3)
|
(6)
|
(50.0)
|
|
(115)
|
46
|
-
|
|
| Loss before reorganization items, income taxes | |||
| and equity in earnings of affiliates |
(297)
|
(524)
|
(43.3)
|
| Reorganization items, net |
(16,607)
|
(222)
|
-
|
| Loss before income taxes and equity in earnings of affiliates |
(16,904)
|
(746)
|
-
|
| Credit for income taxes |
-
|
-
|
-
|
| Loss before equity in earnings of affiliates |
(16,904)
|
(746)
|
-
|
| Equity in earnings of affiliates |
-
|
5
|
(100.0)
|
| Net loss |
$ (16,904)
|
$ (741)
|
-
|
| Loss per share, basic |
$ (145.47)
|
$ (6.39)
|
|
| Weighted average shares |
116.2
|
116.2
|
|
| _____________ | |||
| See accompanying notes. | |||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
| (In accordance with GAAP) |
|
||
|
|
|
|
|
| Operating revenues: | |||
| Passenger - United Airlines |
$ 12,914
|
$ 12,542
|
3.0
|
| - Regional Affiliates |
2,429
|
1,931
|
25.8
|
| Cargo |
729
|
704
|
3.6
|
| Other operating revenues |
1,307
|
1,214
|
7.7
|
|
17,379
|
16,391
|
6.0
|
|
| Operating expenses: | |||
| Aircraft fuel |
4,032
|
2,943
|
37.0
|
| Salaries and related costs |
4,027
|
5,006
|
(19.6)
|
| Regional affiliates |
2,746
|
2,425
|
13.2
|
| Purchased services |
1,524
|
1,462
|
4.2
|
| Landing fees and other rent |
915
|
964
|
(5.1)
|
| Aircraft maintenance |
881
|
747
|
17.9
|
| Depreciation and amortization |
856
|
874
|
(2.1)
|
| Cost of sales |
685
|
709
|
(3.4)
|
| Aircraft rent |
402
|
533
|
(24.6)
|
| Commissions |
305
|
305
|
-
|
| Special operating items |
18
|
-
|
-
|
| Other operating expenses |
1,207
|
1,277
|
(5.5)
|
|
17,598
|
17,245
|
2.0
|
|
| Loss from operations |
(219)
|
(854)
|
(74.4)
|
| Other income (expense): | |||
| Interest expense |
(482)
|
(449)
|
7.3
|
| Interest capitalized |
(3)
|
1
|
-
|
| Interest income |
38
|
25
|
52.0
|
| Gain on sale of investments |
-
|
158
|
(100.0)
|
| Special non-operating items |
-
|
5
|
(100.0)
|
| Miscellaneous, net |
87
|
(1)
|
-
|
|
(360)
|
(261)
|
37.9
|
|
| Loss before reorganization items, income taxes and | |||
| equity in earnings of affiliates |
(579)
|
(1,115)
|
(48.1)
|
| Reorganization items, net |
(20,601)
|
(611)
|
-
|
| Loss before income taxes and equity in earnings of affiliates |
(21,180)
|
(1,726)
|
-
|
| Credit for income taxes |
-
|
-
|
-
|
| Loss before equity in earnings of affiliates |
(21,180)
|
(1,726)
|
-
|
| Equity in earnings of affiliates |
4
|
5
|
(20.0)
|
| Net loss |
$ (21,176)
|
$ (1,721)
|
-
|
| Loss per share, basic |
$ (182.29)
|
$ (15.25)
|
|
| Weighted average shares |
116.2
|
113.5
|
|
| _____________ | |||
| 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 largely non-cash reorganization items: | |||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||
| (In millions) |
|
|
|
|
||||||||||||||||||||||||||||||||||
| Pension-related charges |
$ 7,880
|
$ 152
|
$ 8,925
|
$ 152
|
||||||||||||||||||||||||||||||||||
| Employee-related charges |
6,506
|
6
|
6,529
|
13
|
||||||||||||||||||||||||||||||||||
| Aircraft claim charges |
810
|
29
|
3,005
|
341
|
||||||||||||||||||||||||||||||||||
| Municipal bond charges |
406
|
-
|
688
|
-
|
||||||||||||||||||||||||||||||||||
| Contract rejection charges |
262
|
-
|
523
|
-
|
||||||||||||||||||||||||||||||||||
| Retiree-related charges |
652
|
-
|
652
|
-
|
||||||||||||||||||||||||||||||||||
| Professional fees |
96
|
37
|
230
|
160
|
||||||||||||||||||||||||||||||||||
| Impairment on lease certificates |
-
|
-
|
134
|
-
|
||||||||||||||||||||||||||||||||||
| Aircraft refinance adjustments |
(1)
|
-
|
(60)
|
-
|
||||||||||||||||||||||||||||||||||
| Other |
(4)
|
(2)
|
(25)
|
(55)
|
||||||||||||||||||||||||||||||||||
|
$ 16,607
|
$ 222
|
$ 20,601
|
$ 611
|
|||||||||||||||||||||||||||||||||||
| Pension-related charges are predominantly non-cash and include a final settlement with the Pension Benefit Guaranty Corporation and curtailment and net settlement losses as a result of the termination of several defined benefit pension plans. | ||||||||||||||||||||||||||||||||||||||
| Employee-related charges are predominantly non-cash costs and include the Company's estimated value of the deemed claim that each union labor group will receive upon exit from bankruptcy. The value is based upon the cost savings provided by each union labor group during the bankruptcy process. | ||||||||||||||||||||||||||||||||||||||
| Aircraft claim 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, together with certain claims resulting from the modification of other aircraft financings in bankruptcy. | ||||||||||||||||||||||||||||||||||||||
| Municipal bond charges include the Company's estimate of claims incurred as a result of certain restructured municipal bond obligations, together with certain claims resulting from the rejection and litigation of other municipal bond obligations. | ||||||||||||||||||||||||||||||||||||||
| 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 and regional carrier contracts. | ||||||||||||||||||||||||||||||||||||||
| Retiree-related charges are non-cash costs that include the Company's estimate of claims incurred as a result of an agreement reached to modify the medical and life insurance benefits for individuals who had retired from United prior to July of 2003. | ||||||||||||||||||||||||||||||||||||||
| In the third quarter of 2005, the Company agreed to cancel certain EETC certificates that were held by a related party in accordance with the term sheets reached with certain aircraft financiers. Accordingly, the Company recorded a non-cash charge in the amount of $134 million for principal and interest on such cancelled 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 the fourth quarter of 2004, the Company recognized a charge of $47 million for its frequent flyer mileage program due to higher costs associated with expected mileage redemptions on other airline partners. 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 charge as a result of the write-down of the non-operating B767-200s to net realizable value. | ||||||||||||||||||||||||||||||||||||||
| (4) | Included in UAL's operating loss are the results of its wholly owned subsidiary United Aviation Fuels Corporation ("UAFC"). | |||||||||||||||||||||||||||||||||||||
|
Ended December 31, |
|
December 31, |
|
|||||||||||||||||||||||||||||||||||
| UAFC (in millions) |
|
|
|
|
|
|
||||||||||||||||||||||||||||||||
| Other operating revenues |
$ 117
|
$ 72
|
62.5
|
$ 343
|
$ 408
|
(15.9)
|
||||||||||||||||||||||||||||||||
| Cost of sales |
115
|
81
|
42.0
|
336
|
430
|
(21.9)
|
||||||||||||||||||||||||||||||||
| Income/(loss) from operations |
$ 2
|
$ (9)
|
-
|
$ 7
|
$ (22)
|
-
|
||||||||||||||||||||||||||||||||
| (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) | During the fourth quarter of 2004, the Company sold its investment in Orbitz for cash proceeds of approximately $185 million and recognized a gain of $158 million. | |||||||||||||||||||||||||||||||||||||
| (7) | 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 incurred by the Company. | |||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| GAAP mainline fuel expense (in millions) |
$ 1,166
|
$ 842
|
$ 324
|
38.5
|
$ 4,032
|
$ 2,943
|
$ 1,089
|
37.0
|
||||||||||||||||||||||||||||||
| Regional affiliates fuel expense (in millions) |
203
|
130
|
73
|
56.2
|
709
|
427
|
282
|
66.0
|
||||||||||||||||||||||||||||||
| United system fuel expense (in millions) |
$ 1,369
|
$ 972
|
$ 397
|
40.8
|
$ 4,741
|
$ 3,370
|
$ 1,371
|
40.7
|
||||||||||||||||||||||||||||||
| Mainline fuel consumption (in gallons/millions) |
558
|
581
|
(23)
|
(4.0)
|
2,250
|
2,349
|
(99)
|
(4.2)
|
||||||||||||||||||||||||||||||
| Regional affiliates fuel consumption (in gallons/millions) |
87
|
77
|
10
|
13.0
|
353
|
296
|
57
|
19.3
|
||||||||||||||||||||||||||||||
| United system fuel consumption (in gallons/millions) |
645
|
658
|
(13)
|
(2.0)
|
2,603
|
2,645
|
(42)
|
(1.6)
|
||||||||||||||||||||||||||||||
| Mainline average jet fuel price per gallon |
$ 2.09
|
$ 1.45
|
$ 0.64
|
44.1
|
$ 1.79
|
$ 1.25
|
$ 0.54
|
43.2
|
||||||||||||||||||||||||||||||
| Regional affiliates average jet fuel price per gallon |
$ 2.33
|
$ 1.69
|
$ 0.64
|
37.9
|
$ 2.01
|
$ 1.44
|
$ 0.57
|
39.6
|
||||||||||||||||||||||||||||||
| United system average jet fuel price per gallon |
$ 2.12
|
$ 1.48
|
$ 0.64
|
43.2
|
$ 1.82
|
$ 1.27
|
$ 0.55
|
43.3
|
||||||||||||||||||||||||||||||
| (8) | 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. | |||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| GAAP net loss |
$(16,904)
|
$ (741)
|
$(145.47)
|
$ (6.39)
|
$ (21,176)
|
$ (1,721)
|
$(182.29)
|
$ (15.25)
|
||||||||||||||||||||||||||||||
| Adjusted for: | ||||||||||||||||||||||||||||||||||||||
| Reorganization items, net |
16,607
|
222
|
142.89
|
1.91
|
20,601
|
611
|
177.26
|
5.38
|
||||||||||||||||||||||||||||||
| Special operating items |
-
|
47
|
-
|
0.40
|
18
|
(13)
|
0.15
|
(0.12)
|
||||||||||||||||||||||||||||||
| Special non-operating items |
-
|
-
|
-
|
-
|
-
|
(5)
|
-
|
(0.05)
|
||||||||||||||||||||||||||||||
| Net loss excluding reorganization and special items |
(297)
|
(472)
|
(2.58)
|
(4.08)
|
(557)
|
(1,128)
|
(4.88)
|
(10.04)
|
||||||||||||||||||||||||||||||
| Gain on sale of investment |
-
|
(158)
|
-
|
(1.35)
|
-
|
(158)
|
-
|
(1.38)
|
||||||||||||||||||||||||||||||
| Net loss excluding reorganization, special and | ||||||||||||||||||||||||||||||||||||||
| other items |
$ (297)
|
$ (630)
|
$ (2.58)
|
$ (5.43)
|
$ (557)
|
$ (1,286)
|
$ (4.88)
|
$ (11.42)
|
||||||||||||||||||||||||||||||
|
|
|
|
|
|||||||||||||||||||||||||||||||||||
| Cost per asm - CASM (cents) |
|
|
|
|
|
|
||||||||||||||||||||||||||||||||
| GAAP mainline operating expense per asm |
11.13
|
10.72
|
3.8
|
10.59
|
10.20
|
3.8
|
||||||||||||||||||||||||||||||||
| Less: Special operating items |
-
|
0.13
|
(100.0)
|
0.02
|
0.04
|
(50.0)
|
||||||||||||||||||||||||||||||||
| Mainline operating expense per asm excluding | ||||||||||||||||||||||||||||||||||||||
| special operating items |
11.13
|
10.59
|
5.1
|
10.57
|
10.16
|
4.0
|
||||||||||||||||||||||||||||||||
| Less: UAFC(a) |
0.33
|
0.23
|
43.5
|
0.24
|
0.29
|
(17.2)
|
||||||||||||||||||||||||||||||||
| Mainline operating expense per asm excluding | ||||||||||||||||||||||||||||||||||||||
| special operating items and UAFC |
10.80
|
10.36
|
4.2
|
10.33
|
9.87
|
4.7
|
||||||||||||||||||||||||||||||||
| Less: fuel expense |
3.35
|
2.33
|
43.8
|
2.87
|
2.03
|
41.4
|
||||||||||||||||||||||||||||||||
| Mainline operating expense per asm excluding | ||||||||||||||||||||||||||||||||||||||
| special operating items, UAFC and fuel expense(b) |
7.45
|
8.03
|
(7.2)
|
7.46
|
7.84
|
(4.8)
|
||||||||||||||||||||||||||||||||
| Yield (cents) | ||||||||||||||||||||||||||||||||||||||
| GAAP passenger revenue per rpm |
11.54
|
10.71
|
7.7
|
11.25
|
10.83
|
3.9
|
||||||||||||||||||||||||||||||||
| Less: revenue adjustment |
-
|
-
|
-
|
-
|
0.04
|
(100.0)
|
||||||||||||||||||||||||||||||||
| Passenger revenue per rpm excl revenue adjustment |
11.54
|
10.71
|
7.7
|
11.25
|
10.79
|
4.3
|
||||||||||||||||||||||||||||||||
| Operating revenue per asm - RASM (cents) | ||||||||||||||||||||||||||||||||||||||
| GAAP mainline operating revenue per asm |
10.85
|
9.70
|
11.9
|
10.66
|
9.95
|
7.1
|
||||||||||||||||||||||||||||||||
| Less: revenue adjustment |
-
|
-
|
-
|
-
|
0.04
|
(100.0)
|
||||||||||||||||||||||||||||||||
| Mainline operating revenue per asm excluding | ||||||||||||||||||||||||||||||||||||||
| revenue adjustment |
10.85
|
9.70
|
11.9
|
10.66
|
9.91
|
7.6
|
||||||||||||||||||||||||||||||||
| Less: UAFC(a) |
0.34
|
0.20
|
70.0
|
0.25
|
0.28
|
(10.7)
|
||||||||||||||||||||||||||||||||
| Mainline operating revenue per asm excluding | ||||||||||||||||||||||||||||||||||||||
| revenue adjustment and UAFC |
10.51
|
9.50
|
10.6
|
10.41
|
9.63
|
8.1
|
||||||||||||||||||||||||||||||||
| Passenger revenue per asm - PRASM (cents) | ||||||||||||||||||||||||||||||||||||||
| GAAP mainline passenger revenue per asm |
9.28
|
8.31
|
11.7
|
9.20
|
8.63
|
6.6
|
||||||||||||||||||||||||||||||||
| Less: revenue adjustment |
-
|
-
|
-
|
-
|
0.04
|
(100.0)
|
||||||||||||||||||||||||||||||||
| Mainline passenger revenue per asm excluding | ||||||||||||||||||||||||||||||||||||||
| revenue adjustment |
9.28
|
8.31
|
11.7
|
9.20
|
8.59
|
7.1
|
||||||||||||||||||||||||||||||||
| (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. | ||||||||||||||||||||||||||||||||||||||
|
|
|||
|
|
|||
|
Three Months Ended December 31
|
|||
|
|
|
|
|
| OPERATING STATISTICS | |||
| United Mainline Jet Operations | |||
| Revenue passengers (in thousands) |
16,498
|
17,143
|
(3.8)
|
| Revenue passenger miles (in millions) |
27,881
|
27,853
|
0.1
|
| Available seat miles (in millions) |
34,792
|
36,062
|
(3.5)
|
| Charter available seat miles (in millions) |
98
|
193
|
(49.2)
|
| Passenger load factor (percent) |
80.1
|
77.2
|
2.9 pt.
|
| Breakeven passenger load factor (percent) |
84.7
|
92.0
|
(7.3) pt.
|
| GAAP passenger revenue per passenger mile - yield (cents) |
11.54
|
10.71
|
7.7
|
| GAAP passenger revenue per available seat mile - PRASM (cents) |
9.28
|
8.31
|
11.7
|
| GAAP operating revenue per available seat mile - RASM (cents) |
10.85
|
9.70
|
11.9
|
| Operating revenue per available seat mile excluding UAFC - RASM (cents) |
10.51
|
9.50
|
10.6
|
| GAAP operating expense per available seat mile - CASM (cents) |
11.13
|
10.72
|
3.8
|
| Operating expenses per available seat mile excluding operating special items, UAFC | |||
| and fuel expense - CASM (cents) |
7.45
|
8.03
|
(7.2)
|
| Average price per gallon of jet fuel (cents) |
208.8
|
145.1
|
43.9
|
| Number of aircraft in operating fleet at end of period |
460
|
497
|
(7.4)
|
| Average full-time equivalent employees (thousands) |
53.2
|
57.5
|
(7.5)
|
| ASMs per equivalent employee - productivity (thousands) |
654
|
627
|
4.3
|
| Average stage length (in miles) |
1,350
|
1,303
|
3.6
|
| Revenue block hours (in thousands) |
454
|
481
|
(5.6)
|
| Plane days (in thousands) |
42
|
46
|
(8.7)
|
| Fleet utilization (in hours and minutes) |
10:44
|
10:28
|
2.5
|
|
|
|||
|
|
|||
|
Twelve Months Ended December 31
|
|||
|
|
|
|
|
| OPERATING STATISTICS | |||
| United Mainline Jet Operations | |||
| Revenue passengers (in thousands) |
66,803
|
70,914
|
(5.8)
|
| Revenue passenger miles (in millions) |
114,272
|
115,198
|
(0.8)
|
| Available seat miles (in millions) |
140,300
|
145,361
|
(3.5)
|
| Charter available seat miles (in millions) |
494
|
818
|
(39.6)
|
| Passenger load factor (percent) |
81.4
|
79.2
|
2.2 pt.
|
| Breakeven passenger load factor (percent) |
82.8
|
84.7
|
(1.9) pt.
|
| GAAP passenger revenue per passenger mile - yield (cents) |
11.25
|
10.83
|
3.9
|
| Passenger revenue per passenger mile excluding revenue adjustment - yield (cents) |
11.25
|
10.79
|
4.3
|
| GAAP passenger revenue per available seat mile - PRASM (cents) |
9.20
|
8.63
|
6.6
|
| Passenger revenue per available seat mile excluding revenue adjustment - PRASM (cents) |
9.20
|
8.59
|
7.1
|
| GAAP operating revenue per available seat mile - RASM (cents) |
10.66
|
9.95
|
7.1
|
| Operating revenue per available seat mile excluding revenue adjustment - RASM (cents) |
10.66
|
9.91
|
7.6
|
| Operating revenue per available seat mile excluding revenue adjustment and | |||
| UAFC - RASM (cents) |
10.41
|
9.63
|
8.1
|
| GAAP operating expense per available seat mile - CASM (cents) |
10.59
|
10.20
|
3.8
|
| Operating expenses per available seat mile excluding operating special items, UAFC | |||
| and fuel expense - CASM (cents) |
7.46
|
7.84
|
(4.8)
|
| Average price per gallon of jet fuel (cents) |
179.2
|
125.3
|
43.0
|
| Number of aircraft in operating fleet at end of period |
460
|
497
|
(7.4)
|
| Average full-time equivalent employees (thousands) |
55.0
|
58.9
|
(6.6)
|
| ASMs per equivalent employee - productivity (thousands) |
2,551
|
2,468
|
3.4
|
| Average stage length (in miles) |
1,368
|
1,293
|
5.8
|
| Revenue block hours (in thousands) |
1,833
|
1,957
|
(6.3)
|
| Plane days (in thousands) |
169
|
190
|
(11.1)
|
| Fleet utilization (in hours and minutes) |
10:52
|
10:19
|
5.3
|
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
|
|
|
|
|
|
|
|
| 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
|
||
|
|
||
|
|
||
| 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: January 27, 2006 | 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 2, 2006) | |||||||||
| C. | Statements of Consolidated Cash Flows (Form 10K to be filed by March 2, 2006) | |||||||||
| 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 |
|
|||
|
1
|
UAL Corporation |
|
||
|
2
|
United Air Lines, Inc. |
|
||
|
3
|
UAL Company Services, Inc. |
|
||
|
4
|
UAL Loyalty Services, Inc. |
|
||
|
5
|
Mileage Plus Holdings, Inc. |
|
||
|
6
|
Mileage Plus Marketing, Inc. |
|
||
|
7
|
MyPoints.com, Inc. |
|
||
|
8
|
Confetti Inc. |
|
||
|
9
|
Cybergold, Inc. |
|
||
|
10
|
iTarget.com, Inc. |
|
||
|
11
|
MyPoints Offline Services, Inc. |
|
||
|
12
|
UAL Benefits Management Inc. |
|
||
|
13
|
United BizJet Holdings, Inc. |
|
||
|
14
|
BizJet Charter, Inc. |
|
||
|
15
|
BizJet Fractional, Inc. |
|
||
|
16
|
BizJet Services, Inc. |
|
||
|
17
|
Kion Leasing, Inc. |
|
||
|
18
|
Premier Meeting and Travel Services, Inc. |
|
||
|
19
|
United Aviation Fuels Corporation |
|
||
|
20
|
United Cogen, Inc. |
|
||
|
21
|
Mileage Plus, Inc. |
|
||
|
22
|
United GHS, Inc. |
|
||
|
23
|
United Worldwide Corporation |
|
||
|
24
|
United Vacations, Inc. |
|
||
|
25
|
Four Star Leasing, Inc. |
|
||
|
26
|
Air Wis Services, Inc. |
|
||
|
27
|
Air Wisconsin, Inc. |
|
||
|
28
|
Domicile Management Services, Inc. |
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
| Total operating revenues |
1,490,513
|
|
| Total operating expenses |
1,612,470
|
|
| Earnings (loss) from operations |
(121,957)
|
|
| Non-operating income (expenses): | ||
| Net interest expense |
(55,772)
|
|
| Other income (expenses), net: |
17,274
|
|
| Total non-operating income (expenses): |
(38,498)
|
|
| Net Earnings (loss) before Reorganization items |
(160,455)
|
|
| Reorganization Expenses |
(15,863,774)
|
|
| Net earnings (loss) |
(16,024,229)
|
|
| 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 December 31, 2005 |
(Amounts in US dollar
$)
|
||||
| BEGINNING BALANCE (ending balance November 30, 2005) | |||||
| Operating Accounts - DOM |
$28,681,378
|
||||
| Operating Accounts - INT |
$58,746,362
|
||||
| London Overnight Investment Balance |
$1,714,779
|
||||
| Liquidity Pool |
$1,910,481,281
|
||||
| Restricted Cash 3 |
$958,588,703
|
||||
| Subsidiaries: | |||||
| a. Mileage Plus, Inc. |
$407,744
|
||||
| b. Premier Meeting and Travel Services, Inc. |
$0
|
||||
| c. MyPoints.com, Inc. |
$11,524,246
|
||||
| d. Confetti d/b/a Ameniti Travel Clubs, Inc. |
$876,375
|
||||
| e. Domicile Management Services, Inc. |
$86,858
|
||||
| f. UAL Loyalty Services, Inc. |
$344,249
|
||||
| g. United Aviation Fuel Corporation |
$1,458,213
|
||||
|
$2,972,910,187
|
|||||
| TOTAL BEGINNING BALANCE | |||||
| RECEIPTS (Summary of all domestic and international bank accounts): | |||||
| 1. Receipts from operations (net of Intercompany receipts) |
$1,234,939,172
|
||||
| 2. Other receipts 4 |
$61,603,011
|
||||
| TOTAL RECEIPTS | (A) |
$1,296,542,183
|
|||
| DISBURSEMENTS (Summary of all accounts): | |||||
| 1. Net payroll 5 | |||||
| a. Officers |
$695,239
|
||||
| b. Non-Officer |
$157,169,899
|
||||
| 2. Taxes paid or deposited: | |||||
| a. Federal Income Tax and FICA withholdings |
$54,663,753
|
||||
| b. State income tax w/held |
$7,449,002
|
||||
| c. State sales or use tax |
$103,719
|
||||
| d. Other 6 |
$137,991,364
|
||||
| 3. Necessary Operational Disbursements 7 | |||||
| a. Operating Disbursements (net of Intercompany disbursements) |
$1,207,752,805
|
||||
| b. Transferred to escrows / restricted cash |
2,125,477
|
||||
| TOTAL DISBURSEMENTS | (B) |
$1,567,951,257
|
|||
| NET RECEIPTS (Line (A) less Line (B)) |
($271,409,074)
|
||||
| ENDING BALANCE (BEGINNING BALANCE PLUS NET RECEIPTS) |
$2,701,501,113
|
||||
| Bank One Overnight Investment Account (month over month change) 8 |
($107,732)
|
||||
| TOTAL ENDING BALANCE 9 |
$2,701,393,381
|
||||
| Check | |||||
| ENDING BALANCE (as of December 31, 2005) | |||||
| Operating Accounts - DOM |
$50,526,885
|
||||
| Operating Accounts - INT |
$60,031,334
|
||||
| London Overnight Investment |
$4,082,150
|
||||
| Liquidity Pool |
$1,645,820,958
|
||||
| Restricted Cash 3 |
$926,805,717
|
||||
| Subsidiaries: | |||||
| Mileage Plus, Inc. |
$345,302
|
||||
| MyPoints.com, Inc. |
$11,079,543
|
||||
| Confetti d/b/a Ameniti Travel Clubs, Inc. |
$747,220
|
||||
| Domicile Management Services, Inc. |
$459,428
|
||||
| UAL Loyalty Services, Inc. |
$1,050,876
|
||||
| United Aviation Fuel Corporation |
$443,968
|
||||
| TOTAL ENDING BALANCE |
$2,701,393,381
|
||||
| 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 December 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 |
|
AMOUNT
|
|||||||||||||||||||||||||
| Domestic Operational Receipts |
|
1,111,451,717
|
|||||||||||||||||||||||||
| Domestic Operational Receipts |
|
196,190,641
|
|||||||||||||||||||||||||
| International Operational Receipts 2 |
|
73,995,657
|
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
| Total Operational Receipts |
|
1,381,638,016
|
( A ) | ||||||||||||||||||||||||
| Debtor-In-Possession Financing |
0
|
( B ) | |||||||||||||||||||||||||
| Other Non-Operational Receipts 3 |
|
61,603,011
|
( B ) | ||||||||||||||||||||||||
| Less, Non-filing entities |
|
0
|
|||||||||||||||||||||||||
| GROSS RECEIPTS (tie to bank statements) |
1,443,241,026
|
||||||||||||||||||||||||||
| (MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES4 |
146,698,844
|
( D ) | |||||||||||||||||||||||||
| NET RECEIPTS |
$1,296,542,183
|
||||||||||||||||||||||||||
| Forward to MOR Summary: | |||||||||||||||||||||||||||
| Receipts from operations (net of Intercompany receipts) |
1,234,939,172
|
(A-D ) | |||||||||||||||||||||||||
| Other receipts |
61,603,011
|
( B ) | |||||||||||||||||||||||||
|
$1,296,542,183
|
|||||||||||||||||||||||||||
| 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 $72,123,239. | |||||||||||||||||||||||||||
| 3 Includes net activity related to/from 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 |
|
AMOUNT
|
||||||||||||||||||||||||||||||
| Domestic Operational Receipts |
|
1,105,756,513
|
||||||||||||||||||||||||||||||
| Domestic Operational Receipts |
|
-
|
||||||||||||||||||||||||||||||
|
-
|
||||||||||||||||||||||||||||||||
|
-
|
||||||||||||||||||||||||||||||||
|
-
|
||||||||||||||||||||||||||||||||
| Total Non-Bank One Receipts |
-
|
|||||||||||||||||||||||||||||||
| International Operational Receipts |
|
$73,408,211
|
||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
| Total Operational Receipts |
|
1,179,164,724
|
||||||||||||||||||||||||||||||
| Debtor-In-Possession Financing |
-
|
|||||||||||||||||||||||||||||||
| Other Non-Operational Receipts 2 |
|
$61,513,567
|
||||||||||||||||||||||||||||||
| Less, Non-filing entities |
|
-
|
||||||||||||||||||||||||||||||
| GROSS RECEIPTS |
1,240,678,291
|
|||||||||||||||||||||||||||||||
| 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. |
-
|
|||||||||||||||||||||||||||||||
| United Aviation Fuels Corporation |
5,950,000
|
|||||||||||||||||||||||||||||||
| 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. |
-
|
|||||||||||||||||||||||||||||||
|
|
5,950,000
|
|||||||||||||||||||||||||||||||
| NET RECEIPTS |
$1,234,728,291
|
|||||||||||||||||||||||||||||||
| 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. | ||||||||||||||||||||||||||||||||
| 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 |
|
AMOUNT
|
|||||||||||||||||||||||||||
| Domestic Operational Receipts |
|
-
|
|||||||||||||||||||||||||||
| Domestic Operational Receipts |
(see above for accounts) |
9,859,195
|
|||||||||||||||||||||||||||
|
-
|
|||||||||||||||||||||||||||||
|
-
|
|||||||||||||||||||||||||||||
|
-
|
|||||||||||||||||||||||||||||
| Total Non-Bank One Receipts |
9,859,195
|
||||||||||||||||||||||||||||
| International Operational Receipts |
|
-
|
|||||||||||||||||||||||||||
| Total Operational Receipts |
|
9,859,195
|
|||||||||||||||||||||||||||
| Other Non-Operational Receipts |
PROCEEDS OF ASSET SALES, etc. |
91,841
|
|||||||||||||||||||||||||||
| Less, Non-filing entities |
|
-
|
|||||||||||||||||||||||||||
| GROSS RECEIPTS (tie to bank statement) |
9,951,036
|
||||||||||||||||||||||||||||
| (MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES2 |
-
|
||||||||||||||||||||||||||||
| NET RECEIPTS |
9,951,036
|
||||||||||||||||||||||||||||
| BANK STATEMENT RECONCILIATION: | |||||||||||||||||||||||||||||
| Beginning Balance |
$11,524,246
|
||||||||||||||||||||||||||||
| Receipts |
9,951,036
|
||||||||||||||||||||||||||||
| Disbursements |
(10,395,739)
|
||||||||||||||||||||||||||||
| Reconciled Ending Balance |
$11,079,543
|
||||||||||||||||||||||||||||
| Reported Ending Balance |
$11,079,543
|
||||||||||||||||||||||||||||
| 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 |
|
AMOUNT
|
||||||||||||||||||||||||||
| Domestic Operational Receipts |
|
1,259,925
|
||||||||||||||||||||||||||
| Domestic Operational Receipts |
|
-
|
||||||||||||||||||||||||||
|
-
|
||||||||||||||||||||||||||||
|
-
|
||||||||||||||||||||||||||||
|
-
|
||||||||||||||||||||||||||||
| Total Non-Bank One Receipts |
-
|
|||||||||||||||||||||||||||
| International Operational Receipts |
|
-
|
||||||||||||||||||||||||||
| Total Operational Receipts |
|
1,259,925
|
||||||||||||||||||||||||||
| Other Non-Operational Receipts |
|
-
|
||||||||||||||||||||||||||
| Less, Non-filing entities |
|
-
|
||||||||||||||||||||||||||
| GROSS RECEIPTS (tie to bank statement) |
1,259,925
|
|||||||||||||||||||||||||||
| (MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES 1 |
1,248,844
|
|||||||||||||||||||||||||||
| NET RECEIPTS |
11,082
|
|||||||||||||||||||||||||||
| BANK STATEMENT RECONCILIATION: | ||||||||||||||||||||||||||||
| Beginning Balance |
$876,375
|
|||||||||||||||||||||||||||
| Receipts |
1,259,925
|
|||||||||||||||||||||||||||
| Disbursements |
(1,389,081)
|
|||||||||||||||||||||||||||
| Reconciled Ending Balance |
$747,220
|
|||||||||||||||||||||||||||
| Reported Ending Balance |
$747,220
|
|||||||||||||||||||||||||||
| 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 |
|
AMOUNT
|
||||||||||||||||
| Domestic Operational Receipts |
|
14,829
|
||||||||||||||||
| Domestic Operational Receipts |
|
2,100,000
|
||||||||||||||||
|
-
|
||||||||||||||||||
|
-
|
||||||||||||||||||
|
-
|
||||||||||||||||||
| Total Non-Bank One Receipts |
2,100,000
|
|||||||||||||||||
| International Operational Receipts |
|
-
|
||||||||||||||||
| Total Operational Receipts |
|
2,114,829
|
||||||||||||||||
| Other Non-Operational Receipts |
|
-
|
||||||||||||||||
| Less, Non-filing entities |
|
-
|
||||||||||||||||
| GROSS RECEIPTS (tie to bank statement) |
2,114,829
|
|||||||||||||||||
| (MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1 |
-
|
|||||||||||||||||
| NET RECEIPTS |
2,114,829
|
|||||||||||||||||
| BANK STATEMENT RECONCILIATION: | ||||||||||||||||||
| Beginning Balance |
$407,744
|
|||||||||||||||||
| Receipts |
2,114,829
|
|||||||||||||||||
| Disbursements |
(2,177,272)
|
|||||||||||||||||
| Reconciled Ending Balance |
$345,302
|
|||||||||||||||||
| Reported Ending Balance |
$345,302
|
|||||||||||||||||
| 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 |
|
AMOUNT
|
||||||||||||||||||
| Domestic Operational Receipts |
|
-
|
||||||||||||||||||
| Domestic Operational Receipts |
|
184,231,446
|
||||||||||||||||||
|
-
|
||||||||||||||||||||
|
-
|
||||||||||||||||||||
|
-
|
||||||||||||||||||||
| Total Non-Bank One Receipts |
184,231,446
|
|||||||||||||||||||
| International Operational Receipts |
|
-
|
||||||||||||||||||
| Total Operational Receipts |
|
184,231,446
|
||||||||||||||||||
| Other Non-Operational Receipts |
|
-
|
||||||||||||||||||
| Less, Non-filing entities |
|
-
|
||||||||||||||||||
| GROSS RECEIPTS (tie to bank statement) |
184,231,446
|
|||||||||||||||||||
| (MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1 |
139,500,000
|
|||||||||||||||||||
| (Provide detail above) | ||||||||||||||||||||
| NET RECEIPTS |
44,731,446
|
|||||||||||||||||||
| BANK STATEMENT RECONCILIATION: | ||||||||||||||||||||
| Beginning Balance |
$1,458,213
|
|||||||||||||||||||
| Receipts |
184,231,446
|
|||||||||||||||||||
| Disbursements |
(185,245,691)
|
|||||||||||||||||||
| Reconciled Ending Balance |
$443,968
|
|||||||||||||||||||
| Reported Ending Balance |
$443,968
|
|||||||||||||||||||
| 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 |
|
AMOUNT
|
||||||||||||||||||||
| Domestic Operational Receipts |
|
4,420,450
|
||||||||||||||||||||
| Domestic Operational Receipts |
|
-
|
||||||||||||||||||||
|
-
|
||||||||||||||||||||||
|
-
|
||||||||||||||||||||||
|
-
|
||||||||||||||||||||||
| Total Non-Bank One Receipts |
-
|
|||||||||||||||||||||
| International Operational Receipts |
|
|||||||||||||||||||||
| Total Operational Receipts |
|
4,420,450
|
||||||||||||||||||||
| Other Non-Operational Receipts |
|
-
|
||||||||||||||||||||
| Less, Non-filing entities |
|
-
|
||||||||||||||||||||
| GROSS RECEIPTS (tie to bank statement) |
4,420,450
|
|||||||||||||||||||||
| (MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1 |
-
|
|||||||||||||||||||||
| NET RECEIPTS |
4,420,450
|
|||||||||||||||||||||
| BANK STATEMENT RECONCILIATION: | ||||||||||||||||||||||
| Beginning Balance |
$344,249
|
|||||||||||||||||||||
| Receipts |
4,420,450
|
|||||||||||||||||||||
| Disbursements |
(3,713,823)
|
|||||||||||||||||||||
| Reconciled Ending Balance |
$1,050,876
|
|||||||||||||||||||||
| Reported Ending Balance |
$1,050,876
|
|||||||||||||||||||||
| 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 |
|
AMOUNT
|
|||||||||||||||||||||||||||
|
US $ @
|
119.56
|
||||||||||||||||||||||||||||
| Domestic Operational Receipts |
|
-
|
|||||||||||||||||||||||||||
| Domestic Operational Receipts |
|
-
|
|||||||||||||||||||||||||||
|
-
|
|||||||||||||||||||||||||||||
|
-
|
|||||||||||||||||||||||||||||
|
-
|
|||||||||||||||||||||||||||||
| Total Non-Bank One Receipts |
-
|
||||||||||||||||||||||||||||
| International Operational Receipts |
|
12/31/05
|
587,446
|
||||||||||||||||||||||||||
| Total Operational Receipts |
|
587,446
|
|||||||||||||||||||||||||||
| Other Non-Operational Receipts |
|
(2,398)
|
|||||||||||||||||||||||||||
| Less, Non-filing entities |
|
-
|
|||||||||||||||||||||||||||
| GROSS RECEIPTS (tie to bank statement) |
585,048
|
||||||||||||||||||||||||||||
| (MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES1 |
-
|
||||||||||||||||||||||||||||
| NET RECEIPTS |
585,048
|
||||||||||||||||||||||||||||
| BANK STATEMENT RECONCILIATION: | |||||||||||||||||||||||||||||
| Beginning Balance |
$86,858
|
||||||||||||||||||||||||||||
| Receipts |
585,048
|
||||||||||||||||||||||||||||
| Disbursements |
(212,478)
|
||||||||||||||||||||||||||||
| Reconciled Ending Balance |
$459,428
|
||||||||||||||||||||||||||||
| Reported Ending Balance |
$459,428
|
||||||||||||||||||||||||||||
| 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 |
695,239
|
( A ) | |||||||||||||||||||||
| xxx | PAYROLL NON-OFFICER |
157,169,899
|
( B ) | |||||||||||||||||||||
| 04 | AVIATION FUEL 2 | (SEE FUEL SUMMARY BELOW) |
511,044,652
|
|||||||||||||||||||||
| 06 | CATERING |
29,917,780
|
||||||||||||||||||||||
| 03 | RECURRING RENT |
36,113,236
|
||||||||||||||||||||||
| 01 | GENERAL PAYABLES |
667,309,744
|
||||||||||||||||||||||
| 17 | INSURANCE |
37,405,723
|
||||||||||||||||||||||
| 18 | LANDING FEES |
25,181,765
|
||||||||||||||||||||||
| xxx | OTHER |
47,478,748
|
||||||||||||||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
1,354,451,648
|
( C ) | ||||||||||||||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
1,512,316,786
|
|||||||||||||||||||||||
| (MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 3 |
146,698,844
|
( D ) | ||||||||||||||||||||||
| TAXES: | ||||||||||||||||||||||||
| a. Federal Income Tax and FICA withholdings |
54,663,753
|
|||||||||||||||||||||||
| b. State income tax w/held |
7,449,002
|
|||||||||||||||||||||||
| c. State sales or use tax |
103,719
|
|||||||||||||||||||||||
| d. Other 4 |
137,991,364
|
|||||||||||||||||||||||
| TOTAL TAXES |
200,207,837
|
( E ) | ||||||||||||||||||||||
| NET MONTHLY DISBURSEMENTS |
$ 1,565,825,780
|
|||||||||||||||||||||||
| Forward to MOR Summary: | ||||||||||||||||||||||||
| Officers Payroll |
695,239
|
( A ) | ||||||||||||||||||||||
| Non-Officer Payroll |
157,169,899
|
( B ) | ||||||||||||||||||||||
| Taxes |
200,207,837
|
( E ) | ||||||||||||||||||||||
| Necessary Operational Disbursements (less intercompany transfers) |
1,207,752,805
|
(C-D) | ||||||||||||||||||||||
| Sub Total |
$ 1,565,825,780
|
|||||||||||||||||||||||
| Transferred to escrows / restricted cash |
2,125,477
|
|||||||||||||||||||||||
| Total Amount to Transfer to MOR Summary |
$ 1,567,951,257
|
|||||||||||||||||||||||
| 1 Includes disbursement activity for all filing entities of UAL Corporation (refer to page 4). | ||||||||||||||||||||||||
| 2 Fuel Summary: | ||||||||||||||||||||||||
| UAFC Fuel Disbursements |
185,245,691
|
|||||||||||||||||||||||
| United Fuel Disbursements |
325,798,961
|
|||||||||||||||||||||||
| Total Fuel Disbursements |
511,044,652
|
|||||||||||||||||||||||
| Less: Intercompany Transfers |
(145,450,000)
|
|||||||||||||||||||||||
| Fuel Disbursements |
$ 365,594,652
|
|||||||||||||||||||||||
| 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 |
27,341
|
||||||||||
| 17 | INSURANCE |
-
|
||||||||||
| 18 | LANDING FEES |
-
|
||||||||||
| xxx | OTHER | |||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
27,341
|
|||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
27,341
|
|||||||||||
| (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 |
27,341
|
|||||||||||
| 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 |
695,239
|
|||||||||||
| xxx | PAYROLL NON-OFFICER |
155,319,604
|
|||||||||||
| 04 | AVIATION FUEL | (Includes
intercompany transfer to UAFC,
see below) |
325,798,961
|
||||||||||
| 06 | CATERING |
29,917,780
|
|||||||||||
| 03 | RECURRING RENT |
36,113,236
|
|||||||||||
| 01 | GENERAL PAYABLES |
651,828,836
|
|||||||||||
| 17 | INSURANCE |
36,940,784
|
|||||||||||
| 18 | LANDING FEES |
25,181,765
|
|||||||||||
| xxx | OTHER 2 |
47,478,748
|
|||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
1,153,260,110
|
||||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
1,309,274,952
|
||||||||||||
| (MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES | |||||||||||||
| MyPoints.com, Inc. |
-
|
||||||||||||
| Premier Meeting and Travel Services, Inc. |
-
|
||||||||||||
| Confetti |
1,248,844
|
||||||||||||
| Mileage Plus, Inc. |
-
|
||||||||||||
| United Aviation Fuels Corporation |
139,500,000
|
||||||||||||
| UAL Loyalty Services, Inc. |
-
|
||||||||||||
| Domicile Management Services, Inc. |
-
|
||||||||||||
| TOTAL TRANSFERS TO OTHER ACCOUNTS / ENTITIES3 |
140,748,844
|
||||||||||||
| TAXES: | |||||||||||||
| a. Federal Income Tax and FICA withholdings |
54,393,299
|
||||||||||||
| b. State income tax w/held |
7,430,923
|
||||||||||||
| c. State sales or use tax |
103,477
|
||||||||||||
| d. Other (specify) 4 |
137,911,411
|
||||||||||||
| TOTAL TAXES |
199,839,110
|
||||||||||||
| NET MONTHLY DISBURSEMENTS |
$ 1,368,365,218
|
||||||||||||
| 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 |
3,713,823
|
||||||||||
| 17 | INSURANCE |
-
|
||||||||||
| 18 | LANDING FEES |
-
|
||||||||||
| xxx | OTHER | |||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
3,713,823
|
|||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
3,713,823
|
|||||||||||
| (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 |
$ 3,713,823
|
|||||||||||
| 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 |
765,212
|
||||||||||
| 04 | AVIATION FUEL |
-
|
||||||||||
| 06 | CATERING |
-
|
||||||||||
| 03 | RECURRING RENT |
-
|
||||||||||
| 01 | GENERAL PAYABLES |
9,630,528
|
||||||||||
| 17 | INSURANCE |
-
|
||||||||||
| 18 | LANDING FEES |
-
|
||||||||||
| xxx | OTHER |
-
|
||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
9,630,528
|
|||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
10,395,739
|
|||||||||||
| (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 |
$ 10,395,739
|
|||||||||||
| 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 |
96,039
|
||||||||||||||||
| 04 | AVIATION FUEL |
-
|
||||||||||||||||
| 06 | CATERING |
-
|
||||||||||||||||
| 03 | RECURRING RENT |
-
|
||||||||||||||||
| 01 | GENERAL PAYABLES |
1,250,928
|
||||||||||||||||
| 17 | INSURANCE |
-
|
||||||||||||||||
| 18 | LANDING FEES |
-
|
||||||||||||||||
| xxx | OTHER |
-
|
||||||||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
1,250,928
|
|||||||||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
1,346,966
|
|||||||||||||||||
| (MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 1 |
-
|
|||||||||||||||||
| TAXES: | ||||||||||||||||||
| a. Federal Income Tax and FICA withholdings |
42,114
|
|||||||||||||||||
| b. State income tax w/held |
-
|
|||||||||||||||||
| c. State sales or use tax |
-
|
|||||||||||||||||
| d. Other 2 |
-
|
|||||||||||||||||
| TOTAL TAXES |
42,114
|
|||||||||||||||||
| NET MONTHLY DISBURSEMENTS |
1,389,081
|
|||||||||||||||||
| 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.1 | 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 December 31, 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 | |||||||||||||
| 17 | INSURANCE |
-
|
||||||||||||
| 18 | LANDING FEES |
-
|
||||||||||||
| xxx | OTHER |
-
|
||||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
-
|
|||||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
-
|
|||||||||||||
| (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 |
$ -
|
|||||||||||||
| 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 |
185,245,691
|
||||||||||
| 06 | CATERING |
-
|
||||||||||
| 03 | RECURRING RENT |
-
|
||||||||||
| 01 | GENERAL PAYABLES |
-
|
||||||||||
| 17 | INSURANCE |
-
|
||||||||||
| 18 | LANDING FEES |
-
|
||||||||||
| xxx | OTHER |
-
|
||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
185,245,691
|
|||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
185,245,691
|
|||||||||||
| (MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 1 |
5,950,000
|
|||||||||||
| 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 |
$ 179,295,691
|
|||||||||||
| 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 |
249,136
|
||||||||||
| 17 | INSURANCE |
-
|
||||||||||
| 18 | LANDING FEES |
-
|
||||||||||
| xxx | OTHER |
-
|
||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
249,136
|
|||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
249,136
|
|||||||||||
| (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 |
249,136
|
|||||||||||
| 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 |
949,590
|
||||||||||
| 04 | AVIATION FUEL |
-
|
||||||||||
| 06 | CATERING |
-
|
||||||||||
| 03 | RECURRING RENT |
-
|
||||||||||
| 01 | GENERAL PAYABLES |
436,372
|
||||||||||
| 17 | INSURANCE |
464,939
|
||||||||||
| 18 | LANDING FEES |
-
|
||||||||||
| xxx | OTHER |
-
|
||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
901,311
|
|||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
1,850,901
|
|||||||||||
| (MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES 1 |
-
|
|||||||||||
| TAXES: | ||||||||||||
| a. Federal Income Tax and FICA withholdings |
228,339
|
|||||||||||
| b. State income tax w/held |
18,079
|
|||||||||||
| c. State sales or use tax |
-
|
|||||||||||
| d. Other 2 |
79,953
|
|||||||||||
| TOTAL TAXES |
326,371
|
|||||||||||
| NET MONTHLY DISBURSEMENTS |
$ 2,177,272
|
|||||||||||
| 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 December 31, 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 December 31, 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 |
-
|
||||||||||||
| 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 December 31, 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: | AIR WISCONSIN, INC. 1 | ACCTS: | 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. | ||||||||||||
| 3Includes 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 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. | ||||||||||||
| ENTITY: | BANK | |||||||||||
| 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 |
39,455
|
||||||||||
| 04 | AVIATION FUEL |
-
|
||||||||||
| 06 | CATERING |
-
|
||||||||||
| 03 | RECURRING RENT |
-
|
||||||||||
| 01 | GENERAL PAYABLES |
172,781
|
||||||||||
| 17 | INSURANCE |
-
|
||||||||||
| 18 | LANDING FEES |
-
|
||||||||||
| xxx | OTHER | |||||||||||
| SUBTOTAL EXCLUDING PAYROLL |
172,781
|
|||||||||||
| GROSS DISBURSEMENTS (tie to bank statement) |
212,236
|
|||||||||||
| (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 |
242
|
|||||||||||
| d. Other 2 |
-
|
|||||||||||
| TOTAL TAXES |
242
|
|||||||||||
| NET MONTHLY DISBURSEMENTS |
$ 212,478
|
|||||||||||
| 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, 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 December 31, 2005 | ||||||||||||||||
| /s/ Kathryn A. Mikells | ||||||||||||||||
| Signature | ||||||||||||||||
| Kathryn A. Mikells | ||||||||||||||||
| Vice President-Treasurer | ||||||||||||||||
| Print Name and Title | ||||||||||||||||
| 1/23/06 | ||||||||||||||||
| 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. | ||||||||||||||||
| /s/ David M. Wing | ||||||||||||||||
| Signature | ||||||||||||||||
| David M. Wing | ||||||||||||||||
| V.P. & Controller | ||||||||||||||||
| Print Name and Title | ||||||||||||||||
| 1/23/06 | ||||||||||||||||
| 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 | ||||||
|
|
|
|
|
|
|
|
| CORPORATE TRUST SERVICES | AIRCRAFT |
12/1/06
|
110,000
|
|||
| US BANK | AIRCRAFT |
12/1/06
|
5,760,000
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/1/06
|
475,000
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/1/06
|
245,000
|
|||
| SOCIETE GENERALE PARIS | AIRCRAFT |
12/1/06
|
75,000
|
|||
| BAYERISCHE LAANDESBANK | AIRCRAFT |
12/1/06
|
1,125,000
|
|||
| US BANK | AIRCRAFT |
12/2/06
|
85,000
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/2/06
|
357,692
|
|||
| KREDITANSTALT FUR WIEDERAUFBAU | AIRCRAFT |
12/2/06
|
598,609
|
|||
| US BANK | AIRCRAFT |
12/5/06
|
424,444
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/5/06
|
1,748,000
|
|||
| RBS AEROSPACE LIMITED | AIRCRAFT |
12/6/06
|
85,000
|
|||
| US BANK | AIRCRAFT |
12/6/06
|
170,000
|
|||
| IAE | AIRCRAFT |
12/8/06
|
1,620,000
|
|||
| RBS AEROSPACE LIMITED | AIRCRAFT |
12/8/06
|
85,000
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/8/06
|
700,000
|
|||
| AIE VI | AIRCRAFT |
12/9/06
|
3,630,000
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/9/06
|
483,639
|
|||
| US BANK | AIRCRAFT |
12/12/06
|
760,889
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/12/06
|
800,000
|
|||
| US BANK | AIRCRAFT |
12/13/06
|
427,556
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/15/06
|
4,000,000
|
|||
| BNP PARIBAS, TOKYO BRANCH | AIRCRAFT |
12/19/06
|
130,000
|
|||
| US BANK | AIRCRAFT |
12/19/06
|
270,000
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/19/06
|
505,193
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/19/06
|
409,807
|
|||
| KREDITANSTALT FUR WIEDERAUFBAU | AIRCRAFT |
12/19/06
|
5,694,850
|
|||
| Heladeff | AIRCRAFT |
12/19/06
|
3,872,688
|
|||
| Heladeff | AIRCRAFT |
12/19/06
|
1,572,471
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/20/06
|
350,000
|
|||
| Heladeff | AIRCRAFT |
12/20/06
|
971,074
|
|||
| US BANK | AIRCRAFT |
12/21/06
|
160,000
|
|||
| US BANK | AIRCRAFT |
12/23/06
|
425,000
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/23/06
|
170,000
|
|||
| US BANK | AIRCRAFT |
12/27/06
|
1,591,935
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/27/06
|
1,050,000
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/27/06
|
160,000
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/28/06
|
675,000
|
|||
| US BANK | AIRCRAFT |
12/29/06
|
90,000
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/29/06
|
6,002,564
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/29/06
|
85,000
|
|||
| Cumberland Lease Corp | AIRCRAFT |
12/30/06
|
95,000
|
|||
| Mizuho Corporate Bank | AIRCRAFT |
12/30/06
|
650,000
|
|||
| PHILIP MORRIS CAPITAL CORPORATION | AIRCRAFT |
12/30/06
|
2,340,000
|
|||
| US BANK | AIRCRAFT |
12/30/06
|
41,942,159
|
|||
| WELLS FARGO BANK NORTHWEST, N.A. | AIRCRAFT |
12/30/06
|
9,658,364
|
|||
| WESTDEUTSCHE LANDESBANK GIROZCENTRALE | AIRCRAFT |
12/30/06
|
2,580,695
|
|||
| WILMINGTON TRUST COMPANY | AIRCRAFT |
12/30/06
|
430,000
|
|||
| CIT GROUP | AIRCRAFT |
12/30/06
|
135,000
|
|||
| UT Finance | ENGINE |
12/30/06
|
195,447
|
|||
| SOCIETE GENERALE PARIS | AIRCRAFT |
12/30/06
|
2,729,974
|
|||
| KREDITANSTALT FUR WIEDERAUFBAU | AIRCRAFT |
12/30/06
|
3,278,426
|
|||
| EXPORT DEVELOPMENT CORPORATION | AIRCRAFT |
12/30/06
|
1,349,835
|
|||
| MITSUBISHI TRUST & BANKING CORP. | AIRCRAFT |
12/30/06
|
960,000
|
|||
| SMBC | AIRCRAFT |
12/30/06
|
1,750,000
|
|||
| BNP PARIBAS PARIS | AIRCRAFT |
12/30/06
|
3,537,550
|
|||
| Soc Gen | AIRCRAFT |
12/30/06
|
202,559
|
|||
| SA Calif Eur | AIRCRAFT |
12/30/06
|
20,492
|
|||
|
119,806,912
|
||||||
| SCHEDULE E - Professional Payments 1 | |||
|
|
|
|
|
| Babcock & Brown |
$ 82,500
|
$ 82,500
|
|
| Bain & Company (OCP) |
565,400
|
565,400
|
|
| Cognizant Associates |
22,384
|
22,384
|
|
| GCW Consulting |
308,942
|
308,942
|
|
| Huron Consulting Group |
857,272
|
857,272
|
|
| Jenner & Block |
21,857
|
21,857
|
|
| Kirkland & Ellis |
2,279,691
|
2,279,691
|
|
| Leaf Group |
34,432
|
34,432
|
|
| Marr Hipp Jones & Wang |
696
|
696
|
|
| Mayer, Brown |
68,754
|
68,754
|
|
| MBT & LeBoeuf |
15,720
|
15,720
|
|
| Mercer Management Consulting |
81,395
|
81,395
|
|
| Mesirow Financial Consulting |
358,424
|
358,424
|
|
| Piper Rudnick |
28,716
|
28,716
|
|
| Poorman Douglas |
411,948
|
411,948
|
|
| Rothschild |
245,027
|
245,027
|
|
| Saybrook Capital |
185,364
|
185,364
|
|
| Sonnenschein |
1,193,611
|
1,193,611
|
|
| Sperling & Slater |
167,469
|
167,469
|
|
| Vedder Price |
508,950
|
508,950
|
|
| Committee of Unsecured Creditors |
8,517
|
8,517
|
|
| Total |
$ 7,447,068
|
$ 7,447,068
|
|
| Professionals, for the purpose of this report, are defined as those who have filed a Professional Retention with the Federal Bankruptcy | |||
| 1 | Court and whom are subject to the Interim Compensation Motion. All professional fees and expenses incurred in December 2005 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 | |||||||||||||||||||||||||
|
|
|
|
|
||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
| Beginning of month balance1 |
$915,505,814
|
$839,175,458
|
$828,819,973
|
$10,355,485
|
|||||||||||||||||||||
| Add: sales on account |
$1,341,548,659
|
||||||||||||||||||||||||
| Less: collections |
($1,425,463,971)
|
||||||||||||||||||||||||
| Less: Write-offs and Clearing |
($2,770,529)
|
||||||||||||||||||||||||
| End of month balance |
$828,819,973
|
||||||||||||||||||||||||
|
Days2 |
Days2 |
Days2 |
Days 2 |
|
|||||||||||||||||||||
|
$712,015,556
|
$55,525,626
|
$10,911,301
|
$50,367,490
|
$828,819,973
|
|||||||||||||||||||||
| 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 | |||||||||||||||||||||||||
| Consolidated Filing Entities |
Tie -out |
Consol. |
Filed |
Non-Filed |
|||||||||||||||||||||
|
A/P
|
|
||||||||||||||||||||||||
| Beginning
of month
balance 1 |
$393,653,000
|
$371,819,000
|
$368,321,000
|
$3,498,000
|
|||||||||||||||||||||
| Add: credit extended |
$1,408,456,041
|
||||||||||||||||||||||||
| Less: payments on account |
($1,433,788,041)
|
||||||||||||||||||||||||
| End of month balance |
$368,321,000
|
||||||||||||||||||||||||
|
Days 3 |
|
|
|
|
|||||||||||||||||||||
|
$361,546,053
|
$4,614,562
|
$2,160,385
|
$0
|
$368,321,000
|
|||||||||||||||||||||
| 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. | |||||||||||||||||||||||||
| 3 Includes liabilities subject to compromise | |||||||||||||||||||||||||
| 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 160 domestic bank accounts, the Debtor operates 105 accounts in approximately 47 countries around the world. | ||||||
| A list of the Debtor's bank accounts is detailed below: | ||||||
| (*denotes new account for this monthly operating report as compared to prior monthly operating report) | ||||||
| DOMESTIC BANK ACCOUNTS | ||||||
| Financial Institution |
|
|
||||
| 1ST SOURCE BANK | South Bend, IN |
|
||||
| AMSOUTH BANK | Birmingham, AL |
|
||||
| AMSOUTH BANK | Knoxville, TN |
|
||||
| ASSOCIATED BANK -'WI | Madison, WI |
|
||||
| BANK OF AMERICA | North Charleston, SC |
|
||||
| BANK OF AMERICA | Baltimore, MD |
|
||||
| BANK OF AMERICA | Savannah, GA |
|
||||
| BANK OF AMERICA | Greenville, SC |
|
||||
| BANK OF AMERICA | Richmond, VA |
|
||||
| BANK OF AMERICA | Greensboro, NC |
|
||||
| BANK OF AMERICA | Wichita, KS |
|
||||
| BANK OF AMERICA | Springfield, MO |
|
||||
| BANK OF AMERICA | Kansas City, MO |
|
||||
| BANK OF AMERICA | Austin, TX |
|
||||
| BANK OF AMERICA | San Antonio, TX |
|
||||
| BANK OF AMERICA | San Francisco, CA |
|
||||
| BANK OF AMERICA | San Francisco, CA |
|
||||
| BANK OF AMERICA CALIF PZ | San Francisco, CA |
|
||||
| Bank of America PZ-'CA | DeKalb, Ga |
|
||||
| BANK OF AMERICA SFOTK | San Francisco, CA |
|
||||
| BANK OF AMERICA -'SILVER WINGS | San Francisco, CA |
|
||||
| BANK OF AMERICA WASHINGTON | Seattle, WA |
|
||||
| BANK OF HAWAII | Honolulu, HI |
|
||||
| BANK OF ILLINOIS (Air Wisconsin) | Normal, IL |
|
||||
| BANK OF NEW YORK | White Plains, NY |
|
||||
| BANK OF OKLAHOMA | Tulsa, OK |
|
||||
| BANK OF THE WEST | San Jose, Ca |
|
||||
| BANK ONE | Chicago, IL (Miami Cluster) |
|
||||
| BANK ONE | Grand Rapids, MI |
|
||||
| BANK ONE (Tickets By Mail) | Detroit, MI |
|
||||
| BANK ONE | Detroit, MI |
|
||||
| BANK ONE | Lexington, KY |
|
||||
| BANK ONE | Chicago, IL |
|
||||
| BANK ONE (AirWisconsin) | Traverse City, MI |
|
||||
| BANK ONE (CAFETERIA) | Chicago, IL |
|
||||
| BANK ONE | Chicago, IL |
|
||||
| BANK ONE | Chicago, IL |
|
||||
| BANK ONE | Chicago, IL |
|
||||
| BANK ONE | Chicago, IL |
|
||||
| BANK ONE INDIANAPOLIS | Indianapolis, IN |
|
||||
| BANK ONE OF OKLAHOMA | Oklahoma City, OK |
|
||||
| CANADIAN IMPERIAL | Toronto, Ontario Canada |
|
||||
| CANANDAIGUA NAT BANK & TRUST | Pittsford, NY |
|
||||
| CAPITAL CITY BANK & TRUST CO | Atlanta, Ga |
|
||||
| CAPITAL SAVINGS BANK | El Paso, TX |
|
||||
| Charter One Bank | Binghamton, NY |
|
||||
| CHASE BANK | New York, NY |
|
||||
| CHASE MANHATTAN BANK (FirstBank) | St. Thomas, USVI |
|
||||
| CHASE MANHATTAN BANK | New York, NY (LGA) |
|
||||
| CHITTENDEN TRUST CO | Burlington, VT |
|
||||
| CITIBANK | New York, NY |
|
||||
| CITIBANK | New York, NY |
|
||||
| CITIBANK (EMP WELFARE) | New York, NY |
|
||||
| CITIBANK, N.A. | Jamaica, NY (JFK) |
|
||||
| City National Bank | Charleston, WV |
|
||||
| COMERICA (AirWisconsin) | Lansing, MI |
|
||||
| COMMUNITY BANK OF COLORADO CO | Gunnison, CO |
|
||||
| FIFTH THIRD BANK | Florence, KY |
|
||||
| FIFTH THIRD BANK | Kalamazoo, MI |
|
||||
| FIRST BANK OF AVON | Avon, CO |
|
||||
| FIRST CITIZENS BANK | Raleigh, NC |
|
||||
| FIRST CITIZENS BK-'RALEIGH | Charlotte, NC |
|
||||
| FIRST HAWAIIAN BANK | Honolulu, HI |
|
||||
| FIRST MIDWEST BANK | Moline, IL |
|
||||
| FIRST NATIONAL BANK OF ROCKIES | Hayden, CO |
|
||||
| FIRST UNION | Philadelphia, PA |
|
||||
| FIRST UNION BANK | Allentown, PA |
|
||||
| FIRST UNION BANK | Roanoke, VA |
|
||||
| FIRST UNION BANK | Newark, NJ |
|
||||
| FIRST UNION BANK | Newark, NJ |
|
||||
| FIRSTAR BANK | Cedar Rapids, IA |
|
||||
| FIRSTAR BANK | St. Louis, MO |
|
||||
| FIRSTAR, N.A. | Cleveland, OH |
|
||||
| FLEET | Boston, MA |
|
||||
| FLEET BANK | Manchester, NH |
|
||||
| FLEET NATIONAL BANK | Providence, RI |
|
||||
| FREELAND STATE BANK | Freeland, MI |
|
||||
| FVB COLONIAL | Richmond, VA |
|
||||
| HSBC | Buffalo, NY |
|
||||
| JACKSON STATE BANK-'WY | Jackson Hole, WY |
|
||||
| JP MORGAN CHASE | New York, NY |
|
||||
| JP MORGAN CHASE | New York, NY |
|
||||
| KEY BANK | Dayton, OH |
|
||||
| KEY BANK OF CENTRAL N.Y. | Syracuse, NY |
|
||||
| KEY BANK OF EASTERN N.Y. | Albany, NY |
|
||||
| M & I BANK | Milwaukee, WI |
|
||||
| M & I BANK FOX VALLEY | Appleton, WI |
|
||||
| M & I BANK OF MOSINEE | Mosinee, WI |
|
||||
| M & I MARSHALL & ILSLEY | Green Bay, WI |
|
||||
| M & T BANK | Middletown, PA |
|
||||
| NATIONAL CITY | Columbus, OH |
|
||||
| NATIONAL CITY BANK | Pittsburgh, PA |
|
||||
| NATIONAL CITY BANK OF MI/IL (AW) | Springfield, IL |
|
||||
| NORTHERN TRUST | Chicago, IL |
|
||||
| NORTHERN TRUST | Chicago, IL |
|
||||
| NORTHERN TRUST BANK (WHQ Deposits) | Chicago, IL |
|
||||
| NORTHERN TRUST CO 15 & 16 | Chicago, IL |
|
||||
| NORTHERN TRUST CONTROL ACCT | Chicago, IL |
|
||||
| NORTHERN TRUST FIELD REFUNDS | Chicago, IL |
|
||||
| NORTHERN TRUST LOCAL DISB | Chicago, IL |
|
||||
| PEOPLES HERITAGE | Portland, ME |
|
||||
| PNC Bank | Avoca, PA |
|
||||
| PNC Bank | State College, PA |
|
||||
| SUN TRUST | Washington, DC |
|
||||
| SUN TRUST BANK | Nashville, TN |
|
||||
| SUN TRUST BANK | Orlando, FL |
|
||||
| THE NORTHERN TRUST | Chicago, IL |
|
||||
| TIDEWATER BANK | Norfolk, VA |
|
||||
| U.S. BANK OF MINNESOTA | Medford, OR |
|
||||
| UNIZAN BANK | North Canton, OH |
|
||||
| US BANK | Aspen, CO |
|
||||
| US BANK | Rapid City, SD (Mileage Plus) |
|
||||
| US BANK (HELENA, MONTANA) | Billings, MT |
|
||||
| US BANK (MINNESOTA) | Lincoln, NE |
|
||||
| Wachovia Bank & Trust | Charlottesville, VA |
|
||||
| Wachovia Bank & Trust | Cayce, SC |
|
||||
| WACHOVIA BK & TRST 230 OPER | Chicago, IL |
|
||||
| WACHOVIA BK & TRST 231 PZ | Chicago, IL |
|
||||
| WACHOVIA: "MPI" | Chicago, IL |
|
||||
| WACHOVIA: "OFFICERS" | Chicago, IL |
|
||||
| WACHOVIA: "PREMIER" | Chicago, IL |
|
||||
| WEBSTER BANK | Hartford, CT |
|
||||
| WELLS FARGO | Los Angeles, CA |
|
||||
| WELLS FARGO | Seattle, WA |
|
||||
| WELLS FARGO | Grapevine, TX |
|
||||
| WELLS FARGO | Anchorage, AK |
|
||||
| WELLS FARGO BANK | Phoenix, AZ |
|
||||
| WELLS FARGO BANK | Houston, TX |
|
||||
| WELLS FARGO BANK | San Diego Airport |
|
||||
| WELLS FARGO BANK IOWA | Des Moines, IA |
|
||||
| WELLS FARGO BANK N. DAKOTA | Bismarck, ND |
|
||||
| WELLS FARGO BANK WEST | Denver, CO |
|
||||
| WELLS FARGO BANK WEST | Ignacio, Colorado |
|
||||
| WELLS FARGO BANK WEST | Colorado Springs, CO |
|
||||
| WELLS FARGO BANK, N.A. | Boise, ID |
|
||||
| WELLS FARGO BANK, NA | Las Vegas, NV |
|
||||
| WELLS FARGO BANK-'NE | Omaha, NE |
|
||||
| WELLS FARGO-'LAS VEGAS | Las Vegas, NV |
|
||||
| WELLS FARGO-'MINNESOTA | Minneapolis, MN |
|
||||
| WELLS FARGO-'NEW MEXICO | Albuquerque, NM |
|
||||
| WELLS FARGO-'SOUTH DAKOTA | Sioux Falls, SD |
|
||||
| WESTAMERICA BANK | Suisun, CA |
|
||||
| WHITNEY NATIONAL | New Orleans, LA |
|
||||
| ZIONS BANK:AW | Salt Lake City, UT |
|
||||
| SCHEDULE G - - Bank Accts and Financial Institution Relationships | ||
| EUROPEAN BANK ACCOUNTS | ||
|
|
|
|
| BANK OF BERMUDA | BERMUDA |
|
| KREDIETBANK | Belgium |
|
| CITIBANK | England |
|
| CITIBANK | England |
|
| CITIBANK | England |
|
| COMMERZ BANK | Germany |
|
| COMMERZ BANK | Germany |
|
| COMMERZ BANK | Germany |
|
| BANQUE NATIONALE de PARIS | France |
|
| BANQUE NATIONALE de PARIS | France |
|
| BANQUE NATIONALE de PARIS | France |
|
| NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) | England |
|
| NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) | England |
|
| NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) | England |
|
| NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) | England |
|
| BANK OF IRELAND | Ireland |
|
| ABN AMRO BANK | Netherlands |
|
| CREDIT SUISSE | Switzerland |
|
| CITIBANK (USD) | Vietnam |
|
| ASIA-PACIFIC BANK ACCOUNTS | ||
|
|
|
|
| AUSTRALIA & NEW ZEALAND BANKING GROUP | Australia |
|
| CITIBANK AUSTRALIA | Australia |
|
| CHINA CONSTRUCTION BANK | China |
|
| BANK OF CHINA | China |
|
| BANK OF CHINA | China |
|
| BANK OF CHINA | China |
|
| BANK OF CHINA | China |
|
| CHINA CONSTRUCTION BANK | China |
|
| INDUSTRIAL & COMMERCIAL BANK OF CHINA | China |
|
| CITIBANK | Hong Kong |
|
| CITIBANK | Hong Kong |
|
| CITIBANK | Hong Kong |
|
| HONGKONG & SHANGHAI BANK | Hong Kong |
|
| CITIBANK | India |
|
| THE BANK OF TOKYO MITSUBISHI | Japan |
|
| THE BANK OF TOKYO MITSUBISHI | Japan |
|
| THE BANK OF TOKYO MITSUBISHI | Japan |
|
| THE BANK OF TOKYO MITSUBISHI | Japan |
|
| THE BANK OF TOKYO MITSUBISHI | Japan |
|
| CITIBANK | Japan |
|
| CITIBANK | Japan |
|
| CITIBANK | Korea |
|
| KOREA EXCHANGE BANK | Korea |
|
| KOREA EXCHANGE BANK | Korea |
|
| KOREA EXCHANGE BANK | Korea |
|
| BANK OF AMERICA | Korea |
|
| BANK OF AMERICA | Korea |
|
| CITIBANK | New Zealand |
|
| CITIBANK | Singapore |
|
| BANK OF AMERICA | Singapore |
|
| CITIBANK | Thailand |
|
| CITIBANK | Taiwan |
|
| LATIN AMERICA BANK ACCOUNTS | ||
|
|
|
|
| CITIBANK | Argentina |
|
| BANCO DE BOSTON | Argentina |
|
| BANCO DE LA NACION | Argentina |
|
| BANCO RIO DE LA PLATA | Argentina |
|
| CARIBBEAN MERCANTILE BANK | Aruba |
|
| CARIBBEAN MERCANTILE BANK | Aruba |
|
| BANCO SAFRA | Brazil |
|
| BANCO SAFRA | Brazil |
|
| UNIBANCO | Brazil |
|
| BANCO DE BRASIL | Brazil |
|
| BANCO BOSTON | Brazil |
|
| BANCO SAFRA | Brazil |
|
| BANCO SAFRA | Brazil |
|
| BANCO DE CHILE | Chile |
|
| BANCO DE CHILE | Chile |
|
| BANCO DE COSTA RICA | Costa Rica |
|
| BANCO DE COSTA RICA | Costa Rica |
|
| BANCO DE SAN JOSE | Costa Rica |
|
| BANCO DE SAN JOSE | Costa Rica |
|
| BANCO PROGRESSO | Dominican Republic |
|
| BANCO CUSCATLAN | El Salvador |
|
| CITIBANK | El Salvador |
|
| BANCO DE OCCIDENTE | Guatemala |
|
| CITIBANK | Guatemala |
|
| NATIONAL COMMERCIAL BANK | Jamaica |
|
| BANCA SERFIN | Mexico |
|
| BANCA SERFIN | Mexico |
|
| SUDAMERIS BANK | Uruguay |
|
| SUDAMERIS BANK | Uruguay |
|
| BANCO MERCANTIL | Venezuela |
|
| BANCO PROVINCIAL | Venezuela |
|
| BANCO MERCANTIL | Venezuela |
|
| OFFLINE BANK ACCOUNTS | ||
|
|
|
|
| BANCO POPULAR | PUERTO RICO |
|
| CANADIAN INTERNATIONAL BANK OF COMMERCE | CANADA |
|
| CANADIAN INTERNATIONAL BANK OF COMMERCE | CANADA |
|
| CITIBANK | PANAMA |
|
| CITIBANK | PHILIPPINES |
|
| CITIBANK | PHILIPPINES |
|
| PRODUBANCO | ECUADOR |
|
| ISLANDSBANKI | ICELAND |
|
| SKANDINAVISKA | SWEDEN |
|
| National Bank of Kuwait | Kuwait |
|
| BANK AUSTRIA AG | AUSTRIA |
|
| CHRISTIANA BANK (NORDEA BANK NORGE ASA) | NORWAY |
|
| CREDIT LYONNAIS | VIETNAM |
|
| CAYMAN NATIONAL BANK | BRITISH WI |
|
| NED BANK | SOUTH AFRICA |
|
| BANK HANDLOWY | POLAND |
|
| BANCO COMERCIAL PORTUGAL | PORTUGAL |
|
| BANCO COLPATRIA | COLOMBIA |
|
| BANCO COLPATRIA | COLOMBIA |
|
| CANADIAN INTERNATIONAL BANK OF COMMERCE | CANADA |
|
| SUBSIDIARY BANK ACCOUNTS | ||
| Financial Institution |
|
|
| UNITED AVIATION FUELS CORP. | ||
| NOTHERN TRUST BANK | USA |
|
| UNITED WORLDWIDE CORP. | ||
| JP MORGAN CHASE | USA |
|
| MILEAGE PLUS, INC. | ||
| SHORE BANK | USA |
|
| PREMIER MEETING & TRAVEL SERVICES, INC. | ||
| BANK ONE | USA |
|
| BANK ONE | USA |
|
| MY POINTS.COM, INC. | ||
| SILICON VALLEY BANK | USA |
|
| SILICON VALLEY BANK | USA |
|
| SILICON VALLEY BANK | USA |
|
| FLEET BANK | USA |
|
| WELLS CAPITAL MANAGEMENT | USA |
|
| WELLS FARGO BANK | USA |
|
| UAL LOYALTY SERVICES | ||
| BANK ONE | USA |
|
| BANK ONE | USA |
|
| BANK ONE | USA |
|
| BANK ONE | USA |
|
| KION DE MEXICO | ||
| BANCA SERFIN, S.A. | MEXICO |
|
| BANCA SERFIN, S.A. | MEXICO |
|
| CITIBANK | USA |
|
|
|
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| Debtors in possession and trustees are required to pay all taxes incurred after the filing of their Chapter 11 petition as the taxes come due. Please indicate whether the following post-petition taxes have been paid or deposited as they came due. | |||||||||
| ( ) Check here if no employees. | |||||||||
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| Federal income tax withholding |
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| FICA withholding |
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| Employer's share FICA |
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| Federal Unemployment Taxes |
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| State Income Tax Withholding |
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| Sales Tax |
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| Other Tax |
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| If any taxes have not been paid when due complete this table: | |||||||||
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| Note: Tax related payments withheld from UAL and its subsidiaries' employee wages in the United States of America are paid to a third party payroll service, Deloitte & Touche LLP., with the exception of Mileage Plus who pays such tax related payments to Automatic Data Processing. | |||||||||