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August 03, 2012 at 07:00 AM EDT
United Airlines And The Air Line Pilots Association Reach Agreement In Principle

CHICAGO, Aug. 3, 2012 /PRNewswire/ -- United Continental Holdings, Inc. (NYSE: UAL) today announced that the company has reached an agreement in principle on a new joint collective bargaining agreement with the Air Line Pilots Association (ALPA) representing pilots at the United and Continental subsidiaries. The agreement is subject to definitive documentation, approvals by the ALPA master executive councils of each subsidiary and ratification by the company's pilots.

"This agreement follows intense negotiations with our pilot group and is an important step forward for our company. I want to thank both negotiating teams for their efforts in reaching this agreement," said Fred Abbott, senior vice president of flight operations for United.

"The National Mediation Board played a crucial role in our negotiations, and I want to recognize NMB member Linda Puchala for her personal involvement and thank Senior Mediator Patricia Sims for her professional and effective mediation support," said Mike Bonds, executive vice president of human resources and labor relations at United.

About United

United Airlines and United Express operate an average of 5,574 flights a day to 377 airports on six continents from our hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark, San Francisco, Tokyo and Washington, D.C. In 2011, United carried more traffic than any other airline in the world, and operated more than two million flights carrying 142 million passengers. United is upgrading its cabins with more flat-bed seats in first and business class and more extra-legroom economy-class seating than any other airline in North America. United operates nearly 700 mainline aircraft and has orders for more than 270 new aircraft deliveries through 2022, including 50 Boeing 787 Dreamliners, 25 Airbus A350XWBs, and 100 Boeing 737 MAX 9 aircraft. United was rated the world's most admired airline on FORTUNE magazine's 2012 airline-industry list of the World's Most Admired Companies. Readers of Global Traveler magazine have voted United's MileagePlus program the best frequent flyer program for eight consecutive years. United is a founding member of Star Alliance, which provides service to 193 countries via 27 member airlines. More than 85,000 United employees reside in every U.S. state and in countries around the world. For more information, visit united.com or follow United on Twitter and Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the NYSE under the symbol UAL.

SOURCE United Continental Holdings, Inc.

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