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SECURITIES AND EXCHANGE COMMISSION  

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549
 
 

FORM 8-K

CURRENT REPORT
 
 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934
 
 

Date of Report:  February 7, 2003

(Date of earliest event reported)
 
 

UAL CORPORATION

(Exact name of registrant as specified in its charter)



 
 

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

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

 

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

Not Applicable

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








ITEM 9.            OTHER EVENTS AND REGULATION FD DISCLOSURE.

UAL Corporation filed its monthly operating report for the period commencing December 9, 2002 and ended December 31, 2002 (the "Operating Report") with the United States Bankruptcy Court for the Northern District of Illinois Eastern Division, a copy of which is attached hereto as Exhibit 99.1, in connection with its voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Bankruptcy Code in Case Nos. 02-48191 through 02-48218.

Certain information contained in this Form 8-K and attached exhibit should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements reflect UAL Corporation's current views 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 UAL Corporation and its subsidiaries (collectively, the "company") that may cause the actual results of the company to be materially different from any future results expressed or implied in such forward-looking statements.  Such factors include, but are not limited to, the following: the company's ability to continue as a going concern; the company's ability to operate pursuant to the terms of the debtor-in-possession facility; the company's ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; the company's ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; the company's ability to achieve necessary reductions in labor costs; the company's ability to obtain and maintain normal terms with vendors and service providers; the company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the Chapter 11 cases on the company's liquidity or results of operations; 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; the effects of any hostilities or act of war (in the Middle East or elsewhere) or any terrorist attack; the ability of other air carriers with which 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; the costs associated with existing or future security measures and practices; competitive pressures on pricing (particularly from lower-cost competitors); government legislation and regulation; consumer perceptions of the company's products; 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.  The company disclaims any intent or obligation to update or alter any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise.
 
 
 
 
 
 

ITEM 7.            FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibit            Description

      99.1               Monthly Operating Report of UAL Corporation for the period December 9, 2002 through December 31, 2002

 
 
 
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/ Francesca M. Maher
Name:
 Francesca M. Maher
Title:
 Senior Vice President, 
  General Counsel and Secretary

 
 
 
 

Dated:  February  6, 2003

Exhibit 99
Exhibit 99.1

 

IN THE UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION

IN RE:
CHAPTER 11
UAL CORPORATION, ET AL.
CASE NUMBERS : 02-48191 through 02-48218
DEBTORS
Jointly Administered
Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
DECEMBER 9, 2002 THROUGH DECEMBER 31, 2002

 
 
 
 
 
 
 
IN RE:
CHAPTER 11
UAL CORPORATION ET AL.
CASE NUMBERS : 02-48191 through 02-48218
DEBTORS
Jointly Administered
Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
DECEMBER 9, 2002 THROUGH DECEMBER 31, 2002
DEBTOR'S ADDRESS: UAL Corporation
1200 East Algonquin Road
Elk Grove Township, IL 60007
DEBTOR'S ATTORNEYS: James H. M. Sprayregen, P.C. (ARDC No. 6190206)
Marc Kieselstein (ARDC No. 6199255)
David R. Seligman (ARDC No. 0238064)
Steven R. Kotarba (ARDC No. 6245278)
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: 1/31/03 DEBTOR-IN-POSSESSION
Print Name/Title: Frederic F. Brace; CFO
Signature: /s/ Frederic F. Brace
Address: 1200 East Algonquin Road
Elk Grove Township, IL 60007
Phone: 

 
 
 
 
 
 
 
 
I. Table of Contents
II. UAL Corp. Unaudited Consolidated Financial Statements 
A. Condensed Consolidated Statement of Operations (Discloses both filing and non-filing entities)
B. Condensed Consolidated Balance Sheet (Form 10_K to be filed by March 31, 2003) 
C. Condensed Consolidated Statement of Cash Flows (Form 10_K to be filed by March 31, 2003)
III. Summary of Cash Receipts and Cash Disbursements
A. Unaudited Consolidated Receipt Summary
B. Unaudited Disbursements by Legal Filing Entity and Summary
IV.  Additional Schedules
A. Insurance - - Certifications
B. Payments to Insiders - Certification
C. Description of Tax Trusts / Escrows
D. Payments to Secured Creditors and Lessors
E. Professional Fee Payments
F. Accounts Receivable Schedule and Accounts Payable Schedule
G. Bank Accounts and Financial Institution Relationships
V. Tax Questionnaire

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

 
 
 
Filed -1
Filed -12
Non-Filed
Filed - 25
Filed - 4,5,6,7,8,9,10,11
Filed - 26, 27, 28
Filed -13,14,15,16
UNITED
UAL
UAL BMI
FOUR STAR
FOUR STAR
UAL LOYALTY
AIR 
BIZ JET
TOTAL 
UAL
Line
CONSOLIDATED
CORPORATION
INC.
INSURANCE
LEASING INC.
SERVICES, INC.
WISCONSIN
HOLDINGS, INC.
SUBSIDIARIES
ELIMINATIONS
CONSOLIDATED
No.
Operating revenues:
Passenger
696,886 
- 
- 
- 
- 
- 
- 
- 
- 
- 
696,886 
1 
Cargo
60,153 
- 
- 
- 
- 
- 
- 
- 
- 
- 
60,153 
2 
Contract services and other
64,294 
- 
- 
- 
- 
68,459 
541 
- 
69,000 
- 
133,294 
3 
Intercompany
28,050 
- 
- 
- 
- 
(2,435)
75 
- 
(2,360)
(24,503)
1,187 
4 
Total revenues
849,383 
- 
- 
- 
- 
66,024 
616 
- 
66,640 
(24,503)
891,520 
5 
Operating expenses:
Salaries and related costs
478,774 
- 
- 
- 
- 
3,560 
64 
- 
3,624 
(65)
482,333 
6 
Aircraft fuel
129,617 
- 
- 
- 
- 
- 
- 
- 
- 
- 
129,617 
7 
Aircraft rent expense
54,245 
- 
- 
- 
- 
- 
- 
- 
- 
(237)
54,008 
8 
Rentals and landing fees
50,614 
- 
- 
- 
- 
91 
1 
- 
92 
(1)
50,705 
9 
Aircraft maint. matls & repairs
30,230 
- 
- 
- 
- 
- 
- 
- 
- 
- 
30,230 
10 
Traffic commissions
19,865 
- 
- 
- 
- 
- 
- 
- 
- 
(1,304)
18,561 
11 
Food and beverages
26,380 
- 
- 
- 
- 
- 
- 
- 
- 
- 
26,380 
12 
Depreciation and amortization
59,567 
- 
- 
- 
- 
661 
- 
- 
661 
- 
60,228 
13 
G/L on disposition of property
(11,996)
-
- 
- 
- 
- 
- 
- 
- 
- 
(11,996)
14 
Purchased services
80,482 
- 
- 
- 
- 
(801)
4 
- 
(797)
(1,674)
78,011 
15 
Advertising and promotion
7,490 
- 
- 
- 
- 
3,021 
- 
- 
3,021 
(400)
10,111 
16 
Personnel expense
24,818 
- 
- 
- 
- 
52 
- 
- 
52 
- 
24,870 
17 
Contract services and other
69,707 
- 
- 
- 
- 
20,487 
934 
- 
21,421 
(19,958)
71,170 
18 
All other
(34,666)
123 
1,017 
- 
- 
44 
2 
- 
1,186 
(1,018)
(34,498)
19 
Total expenses
985,127 
123 
1,017 
- 
- 
27,115 
1,005 
- 
29,260 
(24,657)
989,730 
20 
Special Charges
67,000 
- 
- 
- 
- 
- 
- 
- 
- 
- 
67,000 
21 
Total operating expenses
1,052,127 
123 
1,017 
- 
- 
27,115 
1,005 
- 
29,260 
(24,657)
1,056,730 
22 
Earnings (loss) from operations
(202,744)
(123)
(1,017)
- 
- 
38,909 
(389)
- 
37,380 
154 
(165,210)
23 
Other income (expenses), net:
Interest expense -
On long-term debt & leases
(28,580)
- 
- 
- 
- 
(3)
- 
- 
(3)
- 
(28,583)
24 
Other
(3,894)
- 
- 
- 
- 
- 
- 
- 
- 
- 
(3,894)
25 
On intercompany debt
(1,311)
- 
(261)
- 
- 
(2,522)
(927)
- 
(3,710)
4,728 
(293)
26 
Interest capitalized
392 
- 
- 
- 
- 
- 
- 
- 
- 
- 
392 
27 
Interest income 
(1,003)
- 
- 
- 
- 
348 
- 
- 
348 
- 
(655)
28 
Intercompany interest income
3,490 
- 
927 
- 
510 
- 
961 
- 
2,398 
(4,965)
923 
29 
Equity in earnings of affiliates
- 
- 
- 
- 
- 
859 
- 
- 
859 
- 
859 
30 
Foreign exchange gains (losses)
(7,394)
- 
- 
- 
- 
- 
- 
- 
- 
- 
(7,394)
31 
Airline Stabilization Grant
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
32 
Gain on sale of investment
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
33 
Reorganization Items
(9,717)
- 
- 
- 
- 
- 
- 
- 
- 
- 
(9,717)
34 
Other, net 
(6,293)
(385)
- 
- 
- 
5 
(1)
- 
(381)
- 
(6,674)
35 
Total other
(54,310)
(385)
666 
- 
510 
(1,313)
33 
- 
(489)
(237)
(55,036)
36 
Earnings (loss) before income taxes
(257,054)
(508)
(351)
- 
510 
37,596 
(356)
- 
36,891 
(83)
(220,246)
37 
Provision (credit) for income taxes
Current
41,461 
(26,700)
(3,621)
- 
289 
37,340 
(101)
(992)
6,215 
- 
47,676 
38 
Deferred
282,711 
(100)
3,523 
- 
(138)
(28,422)
194 
- 
(24,943)
- 
257,768 
39 
Total tax provision (credit)
324,172 
(26,800)
(98)
- 
151 
8,918 
93 
(992)
(18,728)
- 
305,444 
40 
Earnings (loss) before X-item
(581,226)
26,292 
(253)
- 
359 
28,678 
(449)
992 
55,619 
(83)
(525,690)
41 
Distribution of preferred securities
- 
(1,482)
- 
- 
- 
- 
- 
- 
(1,482)
(1,482)
42 
Cumulative Change - - SFAS 133
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
43 
Net earnings (loss)
(581,226)
24,810 
(253)
- 
359 
28,678 
(449)
992 
54,137 
(83)
(527,172)
44 
(701,255)
Filed -2
Filed -17
Non-Filed
Filed -19
Filed - 20
Non-Filed
Non-Filed
Filed - 23
Filed - 24
Filed - 21
Filed - 18
Non-Filed
Non-Filed
UNITED
UNITED
UNITED
KION
KION
AVIATION
UNITED
COVIA
CYPHER
WORLD
VACATION
GALILEO
UNITED AIR LINES
TOTAL 
UNITED
Line
UNITED
LEASING
DE MEXICO
FUELS
COGEN
LLC
CORP.
WIDE
INC.
MPH
PREMIER
JAPAN
VENTURES
SUBSIDIARIES
ELIMINATIONS
CONSOLIDATED
No.
Operating revenues:
Passenger
696,886 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
696,886 
1 
Cargo
60,153 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
60,153 
2 
Contract services and other
8,094 
- 
66 
52,796 
933 
- 
- 
- 
- 
449 
25 
300 
- 
54,569 
1,631 
64,294 
3 
Intercompany
29,906 
- 
64 
57,382 
258 
- 
- 
- 
- 
1,235 
- 
873 
- 
59,812 
(61,668)
28,050 
4 
Total revenues
795,039 
- 
130 
110,178 
1,191 
- 
- 
- 
- 
1,684 
25 
1,173 
- 
114,381 
(60,037)
849,383 
5 
Operating expenses:
Salaries and related costs
477,351 
- 
105 
- 
(3)
- 
- 
- 
- 
1,321 
- 
- 
- 
1,423 
- 
478,774 
6 
Aircraft fuel
129,617 
- 
- 
57,382 
- 
- 
- 
- 
- 
- 
- 
- 
- 
57,382 
(57,382)
129,617 
7 
Aircraft rent expense
54,365 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
(120)
54,245 
8 
Rentals and landing fees
50,560 
- 
7 
- 
- 
- 
- 
- 
- 
48 
- 
- 
- 
55 
(1)
50,614 
9 
Aircraft maint. matls & repairs
30,230 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
30,230 
10 
Traffic commissions
19,865 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
19,865 
11 
Food and beverages
26,380 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
26,380 
12 
Depreciation and amortization
59,504 
- 
1 
- 
- 
- 
- 
- 
- 
62 
- 
- 
- 
63 
- 
59,567 
13 
G/L on disposition of property
(11,996)
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
(11,996)
14 
Purchased services
81,351 
- 
14 
- 
(56)
- 
- 
- 
- 
369 
- 
- 
- 
327 
(1,196)
80,482 
15 
Advertising and promotion
5,604 
- 
- 
- 
- 
- 
- 
- 
- 
(2,275)
- 
- 
- 
(2,275)
4,161 
7,490 
16 
Personnel expense
24,812 
- 
6 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
6 
- 
24,818 
17 
Contract services and other
25,564 
- 
24 
49,406 
84 
- 
- 
- 
- 
- 
100 
148 
- 
49,762 
(5,619)
69,707 
18 
All other
(34,726)
- 
17 
- 
43 
- 
- 
- 
- 
- 
- 
- 
- 
60 
- 
(34,666)
19 
Total expenses
938,481 
- 
174 
106,788 
68 
- 
- 
- 
- 
(475)
100 
148 
- 
106,803 
(60,157)
985,127 
20 
Special Charges
67,000 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
67,000 
21 
Total operating expenses
1,005,481 
- 
174 
106,788 
68 
- 
- 
- 
- 
(475)
100 
148 
- 
106,803 
(60,157)
1,052,127 
22 
Earnings (loss) from operations
(210,442)
- 
(44)
3,390 
1,123 
- 
- 
- 
- 
2,159 
(75)
1,025 
- 
7,578 
120 
(202,744)
23 
Other income (expenses), net:
Interest expense -
On long-term debt & leases
(28,580)
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
(28,580)
24 
Other
(3,894)
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
(3,894)
25 
On intercompany debt
(1,311)
- 
- 
- 
-
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
(1,311)
26 
Interest capitalized
392 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
392 
27 
Interest income 
(1,047)
84 
- 
6 
60 
- 
- 
- 
- 
14 
- 
- 
- 
164 
(120)
(1,003)
28 
Intercompany interest income
4,194 
- 
- 
(704)
- 
- 
- 
- 
- 
- 
- 
- 
- 
(704)
- 
3,490 
29 
Equity in earnings of affiliates
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
30 
Foreign exchange gains (losses)
(7,394)
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
(7,394)
31 
Airline stabilization grant
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
32 
Gain on sale of investment
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
33 
Reorganization Items
(9,721)
- 
- 
- 
- 
- 
4 
- 
- 
- 
- 
- 
- 
4 
- 
(9,717)
34 
Other, net 
(6,851)
- 
- 
680 
- 
- 
- 
- 
- 
- 
- 
398 
- 
1,078 
(520)
(6,293)
35 
Total other
(54,212)
84 
- 
(18)
60 
- 
4 
- 
- 
14 
- 
398 
- 
542 
(640)
(54,310)
36 
Earnings (loss) before income taxes
(264,654)
84 
(44)
3,372 
1,183 
- 
4 
- 
- 
2,173 
(75)
1,423 
- 
8,120 
(520)
(257,054)
37 
Provision (credit) for income taxes
Current
41,975 
8 
- 
2,158 
(4,396)
469 
4 
- 
(1)
1,115 
129 
- 
- 
(514)
- 
41,461 
38 
Deferred
272,324 
(39)
- 
(56)
5,081 
(1,328)
19 
- 
- 
6,714 
(4)
- 
- 
10,387 
- 
282,711 
39 
Total tax provision (credit)
314,299 
(31)
- 
2,102 
685 
(859)
23 
- 
(1)
7,829 
125 
- 
- 
9,873 
- 
324,172 
40 
Earnings (loss) before dist. of pfd. sec.
(578,953)
115 
(44)
1,270 
498 
859 
(19)
- 
1 
(5,656)
(200)
1,423 
- 
(1,753)
(520)
(581,226)
41 
Distribution of preferred securities
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
42 
Ex-Item Retirement of Debt
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
42 
Cumulative Change - SFAS 133
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
43 
Net earnings (loss)
(578,953)
115 
(44)
1,270 
498 
859 
(19)
- 
1 
(5,656)
(200)
1,423 
- 
(1,753)
(520)
(581,226)
44 
(747,415)
CASE NAME: UAL Corporation et al. CASE NUMBERS : 02-48191 through 02-48218
Filed Entities of UAL Corporation1
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For The Period Ending DECEMBER 31, 2002
(Amounts in US dollar $)
BEGINNING BALANCE (ending balance December 8th 2002) 
Operating Accounts - DOM 2
$69,918,629 
Operating Accounts - INT 3
$42,893,270 
London Overnight Investment Balance
$928,260 
Liquidity Pool
$834,752,277 
Restricted Cash 4
$473,582,819 
Subsidiaries:
a. Mileage Plus
$349,541 
b. Premier Meeting and Travel Services
$1,253,750 
c. MyPoints,com
$20,650,613 
d. Domicile Management Services
$360,973 
e. United Loyalty Services
$5,118,243 
f. United Aviation Fuel Corporation
$3,700,622 
g. BizJet
$5,307,614 
TOTAL BEGINNING BALANCE
$1,458,816,611 
RECEIPTS (Summary of all domestic and international bank accounts):
1. Receipts from operations (net of Intercompany receipts)
$804,644,885 
2. Debtor -In-Possession Financing
$686,075,000 
3. Other receipts
$110,220,195 
TOTAL RECEIPTS (A)
$1,600,940,080 
DISBURSEMENTS (Summary of all accounts):
1. Net payroll 5
a. Officers
$772,414 
b. Non-Officer 6
$280,869,233 
2. Taxes paid or deposited 5:
a. Federal Income Tax and FICA withholdings
$108,729,656 
b. State income tax w/held
$12,759,104 
c. State sales or use tax
$184,984 
d. Other 
$129,655,835 
 7
3. Necessary Operational Disbursements 5
a. Operating Disbursements (net of Intercompany disbursements)
$567,082,363 
b. Transferred to escrows / restricted cash
$40,900,000 
c. Other necessary expenses
$0 
TOTAL DISBURSEMENTS  (B)
$1,140,953,590 
NET RECEIPTS (Line (A) less Line (B))
$459,986,490 
ENDING BALANCE (BEGINNING BALANCE PLUS NET RECEIPTS)
$1,918,803,101 
Bank One Overnight Investment Account (month over month change) 8
($14,845,069)
TOTAL ENDING BALANCE
$1,903,958,032 
Check
ENDING BALANCE (as of December 31st)
Operating Accounts - DOM
$58,175,889 
Operating Accounts - INT
$22,735,904 
London Overnight Investment
$4,331,880 
Liquidity Pool
$1,205,805,837 
Restricted Cash 4
$578,684,996 
Subsidiaries:
Mileage Plus
$479,857 
Premier Meeting and Travel Services
$1,280,296 
MyPoints,com
$21,162,990 
Domicile Management Services
$287,937 
United Loyalty Services
$2,951,607 
United Aviation Fuel Corporation
$2,753,225 
BizJet
$5,307,614 
TOTAL ENDING BALANCE
$1,903,958,032 
1 See Page 4 for a list of the 28 filing entities
2 Majority of balance due to funding of ordinary course cash requirements preceding Chapter 11 filing
3 Majority of balance due to cash requirements of several Asian banks during Chapter 11 filing
4 Restricted cash does not include $200 million held in a Tax Trust Escrow (see Schedule C) 
5 Includes information for domestic entities only
6 Payroll expense includes funding of $37,225,000 for 1/2/2003 payroll
7 Includes US Federal Fuel Tax, Transportation Tax, Liquor Tax, Excise Tax, other tax and a funding of $39,406,615 for 2003 tax payments 
8 Account used to invest excess funds on a daily basis that are not transferred to liquidity pool

 
 
 
 
BANK
ENTITY: RECEIPT SUMMARY ACCTS: See Schedule "F" for list of bank accounts
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE ACTIVITY
741,714,085 
Domestic Operational Receipts
NON BANK ONE ACTIVITY
184,131,367 
International Operational Receipts 1
BEG BALANCE (LESS) ENDING BALANCE 

PLUS NET REPATRIATION
43,198,138 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
969,043,590 
 ( A )
Debtor-In-Possession Financing
686,075,000 
 ( B )
Other Non-Operational Receipts2
SEE FOOTNOTE BELOW
110,220,195 
 ( C )
Less, Non-filing entities
NONE FOR THIS PERIOD
0 
GROSS RECEIPTS (tie to bank statements)
1,765,338,785 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
164,398,705 
 ( D )
NET RECEIPTS
$1,600,940,080 
Forward to MOR Summary:
Receipts from operations (net of Intercompany receipts)
804,644,885 
 (A-D )
Debtor - -In-Possession Financing
686,075,000 
 ( B )
Other receipts
110,220,195 
 ( C )
$1,600,940,080 
1 Accounts for net repatriation to the liquidity pool of $63,355,503.
2 Includes net activity related to the London overnight investment account, an increase in restricted cash in the amount of $105,102,177, and interest income in the amount of $1,661,944.

 
 
 
 
BANK
ENTITY: LIQUIDITY POOL ACCTS: Bank One Acct. #51-67795
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE ACTIVITY
739,723,537 
Domestic Operational Receipts
- 
- 
- 
- 
Total Non-Bank One Receipts
- 
International Operational Receipts 1
BEG BALANCE (LESS) ENDING BALANCE 

PLUS NET REPATRIATION
43,198,138 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
782,921,674 
Debtor-In-Possession Financing
686,075,000 
Other Non-Operational Receipts 2
SEE FOOTNOTE BELOW
$110,167,742 
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS 
1,579,164,416 
UAL
-
United Loyalty Services
1,000
UAL Company Services
-
Confetti
-
MyPoints
513,412
Cybergold
-
Itarget
-
MyPoints Offline
-
UAL Benefits
-
United BizJet Holdings
-
United BizJet Charter
-
United BizJet Fractional
-
United BizJet Services
-
Kion Leasing
-
Premier Meeting and Travel Services
16,720
United Aviation Fuels Corporation 
54,070,000
Cogen
-
Mileage Plus
77,036
Ground Handling Services
-
United Worldwide
-
United Vacations
-
Four Star Leasing
-
Air Wisconsin Services
-
Air Wisconsin 
-
Domicile Management Services
-
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
54,678,168 
NET RECEIPTS
$1,524,486,248 
1 Accounts for net repatriation to the liquidity pool of $63,355,503.
2 Includes net activity related to the London overnight investment account, an increase in restricted cash in the amount of $105,102,177, and interest income in the amount of $1,661,944.

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: MYPOINTS.COM, INC. AND SUBSIDIARIES BANK

ACCTS:

 Silicon Valley Bank #3300066117, 3300042163
Silicon Valley Bank #3700276606
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
- 
Domestic Operational Receipts
BANK ACTIVITY - - SEE ABOVE FOR ACCOUNTS
2,154,675 
- 
- 
- 
Total Non-Bank One Receipts
2,154,675 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
- 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
2,154,675 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
12,271 
Less, Non-filing entities
LIMITED ACTIVITY
-
GROSS RECEIPTS (tie to bank statement)
2,166,946 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
- 
NET RECEIPTS
$2,166,946 
BANK STATEMENT RECONCILIATION:
Beginning Balance
20,650,613 
Receipts
2,166,946 
Disbursments
(1,654,569)
Reconciled Ending Balance
$21,162,990 
Reported Ending Balance
$21,162,990 
Difference
$0 

 
 
 
 
PREMIER MEETING & TRAVEL SERVICES BANK
ENTITY: ACCTS: Bank One 55-78531
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
55,526 
Domestic Operational Receipts1
- 
- 
- 
- 
Total Non-Bank One Receipts
- 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
- 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
55,526 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
- 
Less, Non-filing entities
LIMITED ACTIVITY
- 
GROSS RECEIPTS (tie to bank statement)
55,526 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
- 
NET RECEIPTS
$55,526 
BANK STATEMENT RECONCILIATION:
Beginning Balance
1,253,750 
Receipts
55,526 
Disbursments
(28,980)
Reconciled Ending Balance
$1,280,296 
Reported Ending Balance
$1,280,296 
Difference
$0 

 
 
BANK
ENTITY: MILEAGE PLUS, INC. ACCTS: SHORE BANK #17331100/17331200/17511000
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
- 
Domestic Operational Receipts1
SHORE BANK
1,114,731 
- 
- 
- 
Total Non-Bank One Receipts
1,114,731 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
- 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,114,731 
Other Non-Operational Receipts 2
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
40,182 
Less, Non-filing entities
LIMITED ACTIVITY
- 
GROSS RECEIPTS (tie to bank statement)
1,154,913 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
1,100,000 
NET RECEIPTS
$54,913 
BANK STATEMENT RECONCILIATION:
Beginning Balance
349,541 
Receipts
1,154,913 
Disbursments
(1,024,598)
Reconciled Ending Balance
$479,857 
Reported Ending Balance
$479,857 
Difference
$0 
1 Usually ZBA accounts. However, the bank did not transfer funds from the main account #17331100 to these accounts to cover the checks cleared in 12/02.
2 Includes stop payments totalling $40,182 associated with the Chapter 11 filing.

 
 
 
 
ENTITY: UNITED AVIATION FUELS CORPORATION BANK

ACCTS:

 NORTHERN TRUST ACCT. 792705
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
- 
Domestic Operational Receipts
Northern Trust Company
180,539,405 
- 
- 
- 
Total Non-Bank One Receipts
180,539,405 
International Operational Receipts  BEG BALANCE (LESS) ENDING BALANCE (net of disbursements)
- 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
180,539,405 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
- 
Less, Non-filing entities
LIMITED ACTIVITY
- 
GROSS RECEIPTS (tie to bank statement)
180,539,405 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES (Provide detail above)
106,580,000 
NET RECEIPTS
$73,959,405 
BANK STATEMENT RECONCILIATION:
Beginning Balance
3,700,622 
Receipts
180,539,405 
Disbursments
(181,486,802)
Reconciled Ending Balance
$2,753,225 
Reported Ending Balance
$2,753,225 
Difference
($0)

 
 
ENTITY: UNITED LOYALTY SERVICES BANK ACCTS: BANK ONE ACCT. 11-01955, 11-02250, 10-61639, 11-33545
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE ACTIVITY
1,935,023 
Domestic Operational Receipts
- 
- 
- 
- 
Total Non-Bank One Receipts
- 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE (net of disbursements)
- 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,935,023 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
- 
Less, Non-filing entities
LIMITED ACTIVITY
- 
GROSS RECEIPTS (tie to bank statement)
1,935,023 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
1,717,982 
NET RECEIPTS
$217,041 
BANK STATEMENT RECONCILIATION:
Beginning Balance
5,118,243 
Receipts
1,935,023 
Disbursments
(4,101,659)
Reconciled Ending Balance
$2,951,606 
Reported Ending Balance
$2,951,607 
Difference
($0)

 
 
 
 
BANK
ENTITY: DOMICILE MGMT SERVICES, INC. ACCTS: Citibank #0-157487-016
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
- 
Domestic Operational Receipts
CITIBANK
322,555 
- 
- 
- 
Total Non-Bank One Receipts
322,555 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
- 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
322,555 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
- 
Less, Non-filing entities
LIMITED ACTIVITY
- 
GROSS RECEIPTS (tie to bank statement)
322,555 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
322,555 
NET RECEIPTS
$0 
BANK STATEMENT RECONCILIATION:
Beginning Balance 
360,973 
Receipts
322,555 
Disbursments 
(395,591)
Reconciled Ending Balance
$287,937 
Reported Ending Balance 
$287,937 
Difference
$0 

 
 
ENTITY: DISBURSEMENT SUMMARY 1 BANK ACCTS: See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
772,414 
 ( A ) 
xxx PAYROLL NON-OFFICER
280,869,233 
 ( B ) 
04 AVIATION FUEL1 (SEE FUEL SUMMARY BELOW)
332,652,733 
06 CATERING
24,763,141 
03 RECURRING RENT
26,680,021 
01 GENERAL PAYABLES
214,921,184 
17 INSURANCE
25,054,105 
18 LANDING FEES
20,411,716 
xxx OTHER
86,998,168 
SUBTOTAL EXCLUDING PAYROLL
731,481,068 
 ( C ) 
GROSS DISBURSEMENTS (tie to bank statement)
1,013,122,715 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
164,398,705 
 ( D ) 
TAXES:
a. Federal Income Tax and FICA withholdings
108,729,656 
b. State income tax w/held
12,759,104 
c. State sales or use tax
184,984 
d. Other 
129,655,835 
TOTAL TAXES
251,329,580 
 ( E ) 
NET MONTHLY DISBURSEMENTS
$ 1,100,053,590 
Forward to MOR Summary:
Officers Payroll
772,414 
 ( A ) 
Non-Officer Payroll
280,869,233 
 ( B ) 
Taxes
251,329,580 
 ( E ) 
Necessary Operational Disbursements (less intercompany transfers)
567,082,363 
 (C-D)
$ 1,100,053,590 
Fuel Summary:1
UAFC Fuel Disbursements
181,486,802 
United Fuel Disbursements
151,165,931 
Total Fuel Disbursements
332,652,733 
Less: Intercompany Transfers
(160,650,000)
Fuel Disbursements
$ 172,002,733 

 
 
 
 
ENTITY: UAL CORPORATION 1 BANK ACCTS:
See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
Payroll disbursed through United Airlines
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
123,000 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
123,000 
GROSS DISBURSEMENTS (tie to bank statement)
123,000 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
123,000 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
BANK
ENTITY: UNITED AIRLINES ACCTS: See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
772,414 
xxx PAYROLL NON-OFFICER1
280,087,376 
04 AVIATION FUEL (Includes intercompany transfer to UAFC, see below)
151,165,931 
06 CATERING
24,763,141 
03 RECURRING RENT
26,680,021 
01 GENERAL PAYABLES
209,972,986 
17 INSURANCE
25,054,105 
18 LANDING FEES
20,411,716 
xxx OTHER2
86,998,168 
SUBTOTAL EXCLUDING PAYROLL
545,046,068 
GROSS DISBURSEMENTS (tie to bank statement)
825,905,858 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
United Aviation Fuels Corporation
106,580,000 
Mileage Plus, Inc.
1,100,000 
United Loyalty Services, Inc.
1,717,982 
DMS, Inc
322,555 
TOTAL TRANSFERS TO OTHER ACCOUNTS / ENTITIES
109,720,537 
TAXES:
a. Federal Income Tax and FICA withholdings
108,553,033 
b. State income tax w/held
12,759,104 
c. State sales or use tax
184,984 
d. Other (specify)3
127,161,116 
TOTAL TAXES
248,658,237 
NET MONTHLY DISBURSEMENTS
$ 964,843,558 
1 Payroll expense includes pre-funding of $37,225,000 for 1/2/2003 payroll.
2 Includes recurring rent (APO 3), corporate volume agreements (APO8), 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 ($17.4 million), 401K, pilot directed account plan and sick leave trust payments.
3 Includes a pre-fund of $39,406,615 for 2003 tax payments.

 
 
ENTITY: UAL LOYALTY SERVICES 1 BANK ACCTS: BANK ONE ACCT. 11-01955, 11-02250, 10-61639, 11-33545
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
1,606,939 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
1,606,939 
GROSS DISBURSEMENTS (tie to bank statement)
1,606,939 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
1,000 
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 2
2,494,720 
TOTAL TAXES
2,494,720 
NET MONTHLY DISBURSEMENTS
$ 4,100,659 
1 Includes disbursements for Mileage Plus Holdings, Inc and Mileage Plus Marketing, Inc. since no cash is dispersed directly by either subsidiary.
2 Includes Excise Tax Payments of $1,615,000 and $879,719.

 
 
ENTITY: UAL COMPANY SERVICES 1 BANK ACCTS: See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through United Airlines.

 
 
ENTITY: CONFETTI, INC 1 BANK ACCTS:
See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through United Loyalty Services, Inc.

 
 
 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: MYPOINTS.COM, INC. AND SUBSIDIARIES BANK ACCTS: Silicon Valley Bank #3300066117, 3300042163

Silicon Valley Bank #3700276606
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
327,844 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
1,150,102 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
1,150,102 
GROSS DISBURSEMENTS (tie to bank statement)
1,477,946 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
513,412 
TAXES:
a. Federal Income Tax and FICA withholdings
176,623 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
176,623 
NET MONTHLY DISBURSEMENTS $1,141,157 

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
Silicon Valley Bank #3300066117, 3300042163
ENTITY: CYBERGOLD, INC. 1 BANK ACCTS: Silicon Valley Bank #3700276606
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through MyPoints.com.

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: !TARGET.COM, INC. 1 BANK ACCTS: Silicon Valley Bank #3300066117, 3300042163

Silicon Valley Bank #3700276606
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through MyPoints.com.

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: MYPOINTS OFFLINE SERVICES 1 BANK ACCTS: Silicon Valley Bank #3300066117, 3300042163

Silicon Valley Bank #3700276606
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through MyPoints.com.

 
 
 
 
ENTITY: UAL BENEFITS MANAGEMENT, INC.1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
BANK
ENTITY: UNITED BIZJET HOLDINGS, INC.1 2 ACCTS: Bank One #10-96072
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Includes disbursements from BizJet Fractional, BizJet Charter, and BizJet Services.
2 Approximated from Income Statement for the month ended December 31, 2002.

 
 
ENTITY: BIZJET CHARTER 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through United BizJet Holdings.

 
 
ENTITY: BIZJET FRACTIONAL, INC. 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date):
 NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through United BizJet Holdings.

 
 
 
 
ENTITY: BIZJET SERVICES, INC. 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through United BizJet Holdings.

 
 
 
 
BANK
ENTITY: KION LEASING 1 ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER 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
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
 
 
ENTITY: PREMIER MEETING AND TRAVEL SERVICES BANK ACCTS: Bank One 5578531
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
28,980 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
28,980 
GROSS DISBURSEMENTS (tie to bank statement)
28,980 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
16,720 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
$ 12,261 

 
 
 
 
ENTITY: UNITED AVIATION FUELS CORP BANK ACCTS: NORTHERN TRUST ACCT. 792705
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
181,486,802 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
181,486,802 
GROSS DISBURSEMENTS (tie to bank statement)
181,486,802 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
54,070,000 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
$ 127,416,802 

 
 
ENTITY: UNITED COGEN 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
68,000 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
68,000 
GROSS DISBURSEMENTS (tie to bank statement)
68,000 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
68,000 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
 
 
BANK
ENTITY: MILEAGE PLUS, INC. ACCTS: SHORE BANK #17331100/17331200/17511000
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
398,310 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES1
626,288 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
626,288 
GROSS DISBURSEMENTS (tie to bank statement)
1,024,598 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
77,036 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
$ 947,562 
1 Primary drivers of the general payables are the following:
GEOTEL Software Maint.
$77,036
Workers' Comp Insurance
$135,116

 
 
ENTITY: UNITED GHS, INC. 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through United Airlines.

 
 
ENTITY: UNITED WORLDWIDE CORPORATION 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
ENTITY: UNITED VACATIONS, INC. 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
BANK
ENTITY: FOUR STAR LEASING, INC. 1 ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
BANK
ENTITY: AIR WISCONSIN, INC. 1 ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
1,005,000 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
1,005,000 
GROSS DISBURSEMENTS (tie to bank statement)
1,005,000 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
1,005,000 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
BANK
ENTITY: AIR WISCONSIN SERVICES, INC 1 ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
- 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES
- 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
- 
GROSS DISBURSEMENTS (tie to bank statement)
- 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
- 
1 Disbursement activity conducted through Air Wisconsin.

 
 
BANK
ENTITY:
DOMICILE MGMT SERVICES, INC.
 ACCTS: Citibank #0-157487-016
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date):
 NOTES: AMOUNT:
xxx PAYROLL OFFICER
- 
xxx PAYROLL NON-OFFICER
55,703 
04 AVIATION FUEL
- 
06 CATERING
- 
03 RECURRING RENT
- 
01 GENERAL PAYABLES1
339,888 
17 INSURANCE
- 
18 LANDING FEES
- 
xxx OTHER
- 
SUBTOTAL EXCLUDING PAYROLL
339,888 
GROSS DISBURSEMENTS (tie to bank statement)
395,591 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
- 
TAXES:
a. Federal Income Tax and FICA withholdings
- 
b. State income tax w/held
- 
c. State sales or use tax
- 
d. Other 
- 
TOTAL TAXES
- 
NET MONTHLY DISBURSEMENTS
$ 395,591 
1 Primary drivers of the general payables are the following:
Narita Excel Hotel Tokyu
$228,996
Ryoso Grand Transportation
$36,027

 
 
   
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, 2002.  
 
   
   
   
Signature          /s/ Jeffrey T. Kawalsky  
   
   
   
   
   
Print Name and Title          Jeffrey T. Kawalsky; VP and Treasurer  
   
   
   
   
Date          1/30/03  
   
   
   
   
   
Insider Payments  
   
The undersigned verifies that, all payments made to insiders, as defined in 11 U.S.C. Section 101 of the U.S. Bankruptcy Code, during the reporting period have been made in the ordinary course of business or in accordance with the provisions of an Order entered by the U.S. Bankruptcy Court.  
 
   
   
   
Signature          /s/ M. Lynn Hughitt  
   
   
   
   
   
Print Name and Title          M. Lynn Hughitt; VP and Controller  
   
   
   
   
Date          1/30/03  
   
   
   
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 Airlines, Inc., Kion Leasing, Inc., Premier   
Meeting and Travel Services, Inc., United Aviation Fuel Corporation, United Cogen, Inc., Mileage Plus, Inc., United GHS, Inc., United   
Worldwide Corporation, and United Vacations, Inc. No subsequent funding or payments are made from the escrow account.  
   
The components of the Escrow fund:  
w Federal payroll withholding taxes, FICA (employee portion), and Medicare;  
w Federal air transportation excise taxes;  
w Federal security charges;  
w Federal Animal and Plan Health Inspection Service of the U.S. Department of Agriculture ("APHIS");  
w Federal Immigration and Naturalization Service (INS) fees;  
w Federal customs fees;  
w State and local income tax withholding;  
w Disability taxes;  
w Passenger facility charges ("PFC");  
w State sales and use taxes;  
w Federal and state fuel taxes  

 
               
               
               
SCHEDULE D - Payments to Secured Creditors and Lessors    
               
               
               
Name of Creditor or Lessor Aircraft Date Regular Payment is Due Amount of Regular Payment Check # of Payments Number of Payments Delinquent* Amount of Payments * Delinquent  
IAM Retro Payment Participants   Quarterly $53,535,730  1 0 N/A  
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
     
           
           
SCHEDULE E - Professional Payments
    December      
PROFESSIONAL GROUP DATE OF COURT ORDER AUTHORIZING PAYMENT MONTH AMOUNT AUTHORIZED MONTH AMOUNT PAID TOTAL PAID TO DATE TOTAL INCURRED & UNPAID *
POORMAN-DOUGLAS 12/09/02 4,590.04 4,590.04 4,590.04 0.00
POORMAN-DOUGLAS 12/09/02 319,200.00 319,200.00 319,200.00 0.00
POORMAN-DOUGLAS 12/09/02 132,638.30 132,638.30 132,638.30 0.00
BABCOCK & BROWN 12/09/02 500,000.00 500,000.00 500,000.00 0.00
POORMAN DOUGLAS 12/09/02 1,861.00 1,861.00 1,861.00 0.00
           
           
* Due to the timing of the monthly invoicing requirements of the Interim Compensation Order dated 12/09/02, this will be          
reported one month in arrears. For example, December 2002 activity will be reported in January 2003.          

 
                         
                         
                         
SCHEDULE F - Accounts Receivable and Accounts Payable Schedule            
                         
                         
                         
                         
STATEMENT OF AGED RECEIVABLES                         
      Tie -out   Consol.   Filed   Non-Filed      
          A/R   Entities   Entities      
  Beginning of month balance 1,021,166,210   $820,634,662   817,366,927   $3,267,735      
                         
  Add: sales on account $649,438,337                     
                         
  Less: collections ($853,045,191)                    
                         
  Less: Write-offs and Clearing ($192,430)                    
                         
  End of month balance $817,366,927                     
                         
                         
                         
      0 - 30 Days   31 - - 60 Days   61 - - 90 Days   Over 90 Days   End of Month Total  
                         
      $733,995,500    $44,137,814    $13,077,871    $26,155,742    $817,366,927  
                         
    89.8%   5.4%   1.6%   3.2%      
                         
                         
                         
                         
                         
                         
                         
                         
STATEMENT OF ACCOUNTS PAYABLE (POST PETITION)                        
                         
                         
                         
  Consolidated Filing Entities   Tie -out   Consol.   Filed   Non-Filed      
          A/P   Entities   Entities      
  Beginning of month balance $0      $34,900,388   $32,416,488   $2,483,900      
                         
  Add: credit extended $0                     
                         
  Less: payments on account $0                     
                         
  End of month balance $32,416,488                     
                         
                         
                         
      0 - 30 Days   31 - - 60 Days   61 - - 90 Days   Over 90 Days   End of Month Total  
                         
      $32,416,488    $0    $0   $0    $32,416,488   
                         
                         
                         
                         
ITEMIZE ALL POST PETITION PAYABLES OVER 30 DAYS OLD, BASED ON POSSESSION / RECEIPT DATE                        
                         
                         
                         
                         
             
             
             
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 178 domestic bank accounts, the Debtor operates 107 accounts in approximately 47 countries around the world.            
A list of the Debtor's bank accounts is detailed below:            
             
(*denotes new account or closed account for this monthly operating report as compared to prior monthly operating report)            
             
DOMESTIC BANK ACCOUNTS            
             
             
Financial Institution Account Location Acct #        
1ST SOURCE BANK South Bend, IN 1207133        
ALPINE BANK CO Grand Junction, CO 7720002062        
AMSOUTH BANK Birmingham, AL 82950903        
AMSOUTH BANK Knoxville, TN 162551        
ASSOCIATED BANK -WI Madison, WI 2191009471        
BANK OF AMERICA Chicago, IL 8188103020        
BANK OF AMERICA North Charleston, SC 375188620        
BANK OF AMERICA Baltimore, MD 3750300507        
BANK OF AMERICA Savannah, GA 3751888594        
BANK OF AMERICA Greenville, SC 3751888604        
BANK OF AMERICA Richmond, VA 3750547894        
BANK OF AMERICA Greensboro, NC 3750344521        
BANK OF AMERICA Wichita, KS 3750931918        
BANK OF AMERICA Springfield, MO 3750931921        
BANK OF AMERICA Kansas City, MO 3750932166        
BANK OF AMERICA Portland, OR 2113906460        
BANK OF AMERICA Austin, TX 3750503223        
BANK OF AMERICA San Antonio, TX 3750503841        
BANK OF AMERICA  San Francisco, CA 1233310157        
BANK OF AMERICA  San Francisco, CA 1233411038        
BANK OF AMERICA  San Francisco, CA 1233212185        
BANK OF AMERICA  San Francisco, CA 1233153648        
BANK OF AMERICA CALIF PZ San Francisco, CA 1233520636        
Bank of America PZ-CA DeKalb, Ga 3299779290        
BANK OF AMERICA SFOTK  San Francisco, CA 1233813257        
BANK OF AMERICA -SILVER WINGS San Francisco, CA 1233110252        
BANK OF AMERICA WASHINGTON Seattle, WA 1233685731        
BANK OF HAWAII  Honolulu, HI 18002825        
BANK OF ILLINOIS (Air Wisconsin) Normal, IL 147540        
BANK OF NEW YORK New York, NY 1070034677        
BANK OF NEW YORK White Plains, NY 1214195        
BANK OF OKLAHOMA Tulsa, OK 204095016        
BANK OF THE WEST San Jose, Ca 1009811        
BANK ONE Chicago, IL (Miami Cluster) 1088111        
BANK ONE Grand Rapids, MI 9888838        
BANK ONE (Tickets By Mail) Detroit, MI 361409134        
BANK ONE Detroit, MI 403313        
BANK ONE Lexington, KY 260132829        
BANK ONE Chicago, IL 1102722        
BANK ONE Chicago, IL 1067545        
BANK ONE (AirWisconsin) Traverse City, MI 135000263230        
BANK ONE (CAFETERIA) Chicago, IL 5570751        
BANK ONE  Chicago, IL 5167795        
BANK ONE  Chicago, IL 5937795        
BANK ONE  Chicago, IL 5065437        
BANK ONE  Chicago, IL 5948983        
BANK ONE INDIANAPOLIS Indianapolis, IN 192055283        
BANK ONE OF OKLAHOMA Oklahoma City, OK 10361364        
CANADIAN IMPERIAL Toronto, Ontario Canada 498416        
CANANDAIGUA NAT BANK & TRUST Pittsford, NY 1100314635        
CAPITAL CITY BANK & TRUST CO Atlanta, Ga 24554        
CAPITAL SAVINGS BANK El Paso, TX 13002374        
Charter One Bank Binghamton, NY 5070016139        
CHASE BANK New York, NY  9101123884        
CHASE MANHATTAN BANK (FirstBank) St. Thomas, USVI 7191369516        
CHASE MANHATTAN BANK New York, NY (LGA) 144032079        
CHITTENDEN TRUST CO Burlington, VT 16502146        
CITIBANK New York, NY 00000828        
CITIBANK New York, NY 40705216        
CITIBANK (EMP WELFARE)  New York, NY 40014095        
CITIBANK, N.A. Jamaica, NY (JFK) 96566032        
City National Bank Charleston, WV 8001601320        
COMERICA Detroit, MI 1076009370        
COMERICA (AirWisconsin) Lansing, MI 1850697010        
COMMUNITY BANK OF COLORADO CO Gunnison, CO 23108929        
FIFTH THIRD BANK Florence, KY 30301162        
FIFTH THIRD BANK Kalamazoo, MI 1505156        
FIRST BANK OF AVON Avon, CO 3535514568        
FIRST CITIZENS BANK Raleigh, NC 861260138        
FIRST CITIZENS BK-RALEIGH Charlotte, NC 131250506        
FIRST HAWAIIAN BANK Honolulu, HI 1036114        
FIRST MIDWEST BANK Moline, IL 162019        
FIRST NATIONAL BANK OF ROCKIES Hayden, CO 14670        
FIRST UNION Philadelphia, PA 10526702        
FIRST UNION BANK Allentown, PA 73380079        
FIRST UNION BANK Roanoke, VA 14045156        
FIRST UNION BANK  Newark, NJ 11000607814        
FIRST UNION BANK  Newark, NJ 11306974018        
FIRSTAR BANK Cedar Rapids, IA 123371304        
FIRSTAR BANK St. Louis, MO 1690400823        
FIRSTAR, N.A. Cleveland, OH 576721732        
FLEET Boston, MA 50081033        
FLEET BANK Manchester, NH 510050107        
FLEET NATIONAL BANK Providence, RI 105903257        
FREELAND STATE BANK Freeland, MI 2010909        
FVB COLONIAL Richmond, VA 37035118        
HARRIS BANK  Chicago, IL 4323200        
HSBC Buffalo, NY 750735848        
JACKSON STATE BANK-WY Jackson Hole, WY 2208998        
KEY BANK Newburgh, NY 323340028618        
KEY BANK Dayton, OH 800095758        
KEY BANK OF CENTRAL N.Y. Syracuse, NY 229000918        
KEY BANK OF EASTERN N.Y. Albany, NY 42015709        
M & I BANK Milwaukee, WI 00024083829        
M & I BANK FOX VALLEY Appleton, WI 63419181        
M & I BANK OF MOSINEE Mosinee, WI 160549        
M & I MARSHALL & ILSLEY  Green Bay, WI 28661494        
M & T BANK Middletown, PA 8892563092        
MERCANTILE TRUST & SAVINGS Quincy, IL 133663        
MONTROSE BANK CO Montrose, CO 906808        
NATIONAL CITY  Columbus, OH 823802979        
NATIONAL CITY BANK Pittsburgh, PA 3580000182        
NATIONAL CITY BANK OF INDIANA Fort Wayne, IN 250000122        
NATIONAL CITY BANK OF MI/IL Peoria, IL 10077453        
NATIONAL CITY BANK OF MI/IL (AW) Springfield, IL 628739046        
NORTHERN TRUST  Chicago, IL 54313        
NORTHERN TRUST  Chicago, IL 100315        
NORTHERN TRUST BANK (WHQ Deposits) Chicago, IL 78883        
NORTHERN TRUST CO 15 & 16 Chicago, IL 30192517        
NORTHERN TRUST CONTROL ACCT Chicago, IL 92517        
NORTHERN TRUST FIELD REFUNDS Chicago, IL 30392517        
NORTHERN TRUST LOCAL DISB Chicago, IL 30292517        
PEOPLES HERITAGE Portland, ME 19023368        
PNC Bank Avoca, PA 9009109249        
PNC Bank State College, PA 1014519668        
RIGGS NATIONAL Washington, DC 7026887        
SUN TRUST Washington, DC 201168618        
SUN TRUST BANK Nashville, TN 6825826        
SUN TRUST BANK  Orlando, FL 215247485924        
THE NORTHERN TRUST  Chicago, IL 845213        
TIDEWATER BANK Norfolk, VA 50034863        
U.S. BANK OF MINNESOTA Medford, OR 53602792621        
UNION BANK OF CALIFORNIA San Diego, CA 700425460        
UNIZAN BANK North Canton, OH 22732233        
US Bank Fargo, ND 163070235995        
US BANK Aspen, CO 25400894239        
US BANK Rapid City, SD (Mileage Plus) 74500680981        
US BANK (HELENA, MONTANA) Billings, MT 52011391066        
US BANK (MINNESOTA) Lincoln, NE 49402500990        
US BANK (MINNESOTA) Seattle, WA 153501819483        
WACHOVIA Chicago, IL 8735006146        
Wachovia Bank & Trust Charlottesville, VA 1841258588        
Wachovia Bank & Trust Cayce, SC 320516040        
WACHOVIA BK & TRST 230 OPER Chicago, IL 453000230        
WACHOVIA BK & TRST 231 PZ Chicago, IL 451000231        
WACHOVIA: "MPI" Chicago, IL C) 6262-093772        
WACHOVIA: "OFFICERS" Chicago, IL A) 0459-002797        
WACHOVIA: "PREMIER" Chicago, IL B) 6261-127433        
WEBSTER BANK Hartford, CT 80001181        
WELLS FARGO Portland, OR 4159582253        
WELLS FARGO Los Angeles, CA 4075146969        
WELLS FARGO Seattle, WA 4159657428        
WELLS FARGO Grapevine, TX 5690555111        
WELLS FARGO Anchorage, AK 6846777        
WELLS FARGO BANK Phoenix, AZ 4159532878        
WELLS FARGO BANK Houston, TX 4159778158        
WELLS FARGO BANK IOWA  Des Moines, IA 0289056673        
WELLS FARGO BANK N. DAKOTA Bismarck, ND 1360691446        
WELLS FARGO BANK S. DAKOTA Rapid City, SD 885013070        
WELLS FARGO BANK WEST Denver, CO 1010910271        
WELLS FARGO BANK WEST Ignacio, Colorado 6638007234        
WELLS FARGO BANK WEST Colorado Springs, CO 5240194209        
WELLS FARGO BANK, N.A. Boise, ID 30121412        
WELLS FARGO BANK, NA Las Vegas, NV 4159570399        
WELLS FARGO BANK-NE  Omaha, NE 1155040327        
WELLS FARGO-LAS VEGAS Las Vegas, NV 6631969841        
WELLS FARGO-MINNESOTA  Minneapolis, MN 1094387        
WELLS FARGO-NEW MEXICO Albuquerque, NM 1037500066        
WELLS FARGO-SOUTH DAKOTA Sioux Falls, SD 4790000115        
WESTAMERICA BANK Suisun, CA 606761914        
WHITNEY NATIONAL New Orleans, LA 20094023        
ZIONS BANK:AW Salt Lake City, UT 13106877        
       
       
       
SCHEDULE G - Bank Accts and Financial Institution Relationships      
       
       
EUROPEAN BANK ACCOUNTS      
       
       
Financial Institution Location Bank Acct #  
ABN AMRO Switzerland 21001472  
ABN AMRO ENGLAND 100404  
ABN AMRO ENGLAND 40096149  
ABN AMRO ENGLAND 40112640  
KREDIETBANK Belgium 427915449173  
COMMERZ BANK Germany 423984400  
COMMERZ BANK Germany 42-45544-00  
COMMERZ BANK Germany 423984400  
BANQUE NATIONALE de PARIS France 2305901460  
BANQUE NATIONALE de PARIS France 2305979060  
BANQUE NATIONALE de PARIS France 1000176118  
NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) England 46452001  
NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) England 46452052  
NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) England 102966255  
NATIONAL WESTMINSTER BANK (Royal Bank of Scotland) England 46452028  
BANK OF IRELAND Ireland 31468618  
MONTE DE PASCHI Italy 3951090  
ABN AMRO BANK Netherlands 454376219  
       
ASIA-PACIFIC BANK ACCOUNTS      
       
       
Financial Institution Location Bank Acct #  
AUSTRALIA & NEW ZEALAND BANKING GROUP Australia 14002007910189  
CHINA CONSTRUCTION BANK  China 27300102  
BANK OF CHINA  China 13308120000035  
CHINA CONSTRUCTION BANK  China B0814221000S820  
BANK OF CHINA  China 901481200300  
BANK OF EAST ASIA  Hong Kong 51440141356  
HONGKONG & SHANGHAI BANK Hong Kong 40195019211  
BANK OF EAST ASIA  Hong Kong 1551420039902  
HONGKONG & SHANGHAI BANK Hong Kong 40192800712  
CITIBANK  India 2202026  
THE BANK OF TOKYO MITSUBISHI  Japan 2210303  
THE BANK OF TOKYO MITSUBISHI  Japan 29033  
THE BANK OF TOKYO MITSUBISHI  Japan 264180  
THE BANK OF TOKYO MITSUBISHI  Japan 0127401  
THE BANK OF TOKYO MITSUBISHI  Japan 264199  
BANK OF AMERICA Korea 607040167038  
KOREA EXCHANGE BANK Korea 1113383255  
KOREA EXCHANGE BANK Korea 10101453  
KOREA EXCHANGE BANK Korea 1016532378  
BANK OF AMERICA  Korea 5  
BANK OF AMERICA  Korea 607040167137  
WESTPAC BANKING CORPORATION  New Zealand 78795202  
WESTPAC BANKING CORPORATION  New Zealand 101857374001  
BANK OF AMERICA Singapore 621241718010  
BANK OF AMERICA Thailand 62041924018  
CITIBANK  Taiwan 14540008  
CITIBANK  Taiwan 5014540204  
BANK OF AMERICA HONG KONG Hong Kong 44706071  
BANK OF AMERICA HONG KONG Hong Kong 44706039  
BANK OF AMERICA HONG KONG Hong Kong 44706112  
BANK OF AMERICA HONG KONG Hong Kong 44706104  
BANK OF AMERICA HONG KONG Hong Kong 44706055  
       
       
LATIN AMERICA BANK ACCOUNTS      
       
       
Financial Institution Location Bank Acct #  
CITIBANK  Argentina 804790012  
BANCO DE BOSTON  Argentina 931020042357  
BANCO DE LA NACION  Argentina 19885045  
BANCO RIO DE LA PLATA  Argentina 161525  
CARIBBEAN MERCANTILE BANK  Aruba 22379101  
CARIBBEAN MERCANTILE BANK  Aruba 22379602  
BANCO SAFRA Brazil 016340-0  
BANCO SAFRA Brazil 012161-1  
UNIBANCO Brazil 208535-7  
BANCO DE BRASIL Brazil 50505-6  
BANCO BOSTON Brazil 188042-05  
BANCO SAFRA  Brazil 013229-0  
BANCO SAFRA  Brazil 10014  
BANCO DE CHILE  Chile 162044458  
BANCO DE CHILE  Chile 168660406  
BANCO DE COSTA RICA  Costa Rica 1547658  
BANCO DE COSTA RICA  Costa Rica 1547666  
BANCO DE SAN JOSE Costa Rica 903146967  
BANCO DE SAN JOSE Costa Rica 903146983  
BANCO DE OCCIDENTE Guatemala 115739823  
CITIBANK Guatemala 3565009  
BANCA SERFIN  Mexico 9005015192  
BANCA SERFIN  Mexico 9009044154  
BANCO CUSCATLAN El Salvador 82100182  
CITIBANK El Salvador 0111-226008  
SUDAMERIS BANK  Uruguay 8874512  
SUDAMERIS BANK  Uruguay 8874512  
BANCO MERCANTIL Venezuela 1070512284  
BANCO PROVINCIAL Venezuela 130100115094  
BANCO MERCANTIL Venezuela 8301819612  
       
OFFLINE BANK ACCOUNTS      
       
       
Financial Institution Location Bank Acct #  
BANCO POPULAR PUERTO RICO 107867354  
CANADIAN INTERNATIONAL BANK OF COMMERCE CANADA 9216316  
CANADIAN INTERNATIONAL BANK OF COMMERCE CANADA 9216413  
CITIBANK PANAMA 500323019  
CITIBANK PHILIPPINES 30013044  
CITIBANK PHILIPPINES 30013001  
CITIBANK HUNGARY 50146006  
PRODUBANCO ECUADOR 2005017196  
ISLANDSBANKI ICELAND 51326406022  
MERITA BANK FINLAND 157230308577  
BANCO POPULAR ESPANOL-ESP SPAIN 601060424  
SKANDINAVISKA SWEDEN 52771008017  
SWISS BANK CORP SWITZERLAND 46467250  
BANK AUSTRIA AG AUSTRIA 602509606  
DANSKE BANK DENMARK 3015134119  
CHRISTIANA BANK (NORDEA BANK NORGE ASA) NORWAY 60050743600  
CREDIT LYONNAIS VIETNAM 210050201000082  
CAYMAN NATIONAL BANK BRITISH WI 2103296  
NED BANK SOUTH AFRICA 1986237583  
BANK HANDLOWY POLAND 501203009  
BANCO COMERCIAL PORTUGAL PORTUGAL 13824908  
BANCO COLPATRIA COLOMBIA 131079034  
BANCO COLPATRIA COLOMBIA 132027250  
CANADIAN INTERNATIONAL BANK OF COMMERCE CANADA 9206418  
BANK OF MONTREAL CANADA 7821035931  
       
SUBSIDIARY BANK ACCOUNTS      
       
       
Financial Institution Country Bank Acct #  
       
UNITED BIZJET HOLDINGS, INC.      
BANK ONE USA 10-96072  
UNITED AVIATION FUELS CORP.      
NOTHERN TRUST BANK USA 792705  
UNITED WORLDWIDE CORP.      
JP MORGAN CHASE USA 724-1-100168  
MILEAGE PLUS, INC.      
SHORE BANK USA 017331100  
PREMIER MEETING & TRAVEL SERVICES, INC.      
BANK ONE USA 9230610  
BANK ONE USA 5578531  
MY POINTS.COM, INC.      
SILICON VALLEY BANK USA 3300066117  
SILICON VALLEY BANK USA 3300042163  
SILICON VALLEY BANK USA 3300276606  
FLEET BANK USA 005515-7711  
WELLS CAPITAL MANAGEMENT USA 10765100  
WELLS FARGO BANK USA 449-6837055  
UAL LOYALTY SERVICES      
BANK ONE USA 11-01955  
BANK ONE USA 11-02250  
BANK ONE USA 10-61639  
BANK ONE USA 11-33545  
KION DE MEXICO      
BANCA SERFIN, S.A. MEXICO 0900 904415-4  
BANCA SERFIN, S.A. MEXICO 0900 501519-2  
CITIBANK USA 30526978  
           
           
           
           
           
TAX QUESTIONNAIRE          
           
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.          
           
TAX YES NO NOT REQUIRED WHEN DUE  
Federal income tax withholding X        
FICA withholding X        
Employer's share FICA X        
Federal Unemployment Taxes X        
State Income Tax Withholding X        
Sales Tax X        
Other Tax X        
           
           
         
           
           
If any taxes have not been paid when due complete this table:          
           
TAX NOT PAID AMOUNT NOT PAID DATE OF LAST PAYMENT      
           
           
           
           
         
           
           
           
           
Note: Tax related payments withheld from UAL and its subsidiaries' employee wages are paid to a third          
party payroll service, Ernst & Young, LLP., with the exception of Mileage Plus who pays such tax related payments          
to Automatic Data Processing.