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UAL Corporation's Annual Meeting Highlights United's Resiliency and Shareholders Re-Elect Board of Directors
Thursday, June 11, 2009 2:12 PM


CHICAGO, June 11 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA), the holding company whose primary subsidiary is United Airlines, held its annual shareholder meeting today, where it discussed its plan to address the current economic challenges and position the company for success going forward. Shareholders also re-elected each of its directors for a one-year term at UAL's 2009 Annual Meeting.

'We are doing the work to compete in the current environment and put United on a path to profitability,' said Glenn F. Tilton, chairman, president and chief executive officer of UAL Corporation and United Air Lines, Inc. 'By electing our directors to another term, our shareholders have endorsed the progress we are making.'

Kathryn Mikells, United's chief financial officer, discussed the steps United is taking to further reduce costs and raise liquidity, ensuring United has the financial capacity needed to manage the challenges the industry faces.

John Tague, executive vice president and chief operating officer, discussed the work United is doing to improve every facet of the customer experience from the on-time performance and cleanliness of its flights to the workability of the products on board. This work has resulted in a 10 percent improvement in the satisfaction ratings of United's most loyal customers and $18 million in payouts to front-line employees for delivering top on-time performance for the first five months of the year.

Each of the 10 directors standing for election by the common stockholders of the company was re-elected:

  • Richard J. Almeida - retired chairman and chief executive officer of Heller Financial, Inc.
  • Mary K. Bush - president of Bush International, a global consulting firm
  • W. James Farrell - retired chairman and chief executive officer of Illinois Tool Works, Inc., an engineering components manufacturer
  • Walter Isaacson - president and chief executive officer of the Aspen Institute, an international education and leadership organization; former chairman and chief executive officer of CNN
  • Robert D. Krebs - retired chairman and chief executive officer of Burlington Northern Santa Fe Corporation
  • Robert S. Miller - executive chairman of Delphi Corporation, a supplier of mobile electronics and transportation systems; former non-executive chairman of the board of Federal Mogul Corporation, an auto parts supplier, and former chairman and chief executive officer of Bethlehem Steel Corporation
  • James J. O'Connor - retired chairman and chief executive officer of Unicom Corporation, a holding company, and its wholly owned subsidiary, Commonwealth Edison Company
  • Glenn F.


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