Glenn Tilton
Glenn Tilton
Glenn Tiltonwas Midwest Chairman and a member of the Executive Committee, at JP Morgan Chase, a position he has held from June 6, 2011 to 2014. Tilton was formerly non-executive Chairman of United Continental Holdings Inc.,, the parent company of United Air Lines, Inc. and Continental Airlines, Inc. as of October 1, 2010. Tilton was formerly Chairman, President, and CEO of UAL Corporation from 2002-2010...
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Our plan will have to be more aggressive than it was out of court. We will need more cost savings. Work rules will have to be on the table. We have to take this opportunity to create a different and durable cost structure that allows us to compete and succeed in a different revenue environment.
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United has made fundamental and sustainable improvements in our operations, cost structure and revenue strategy.
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The results we are reporting make it clear that we have done well this quarter in overall cost control, especially given the significant reduction in capacity.
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Clearly, we're disappointed that our mechanic and related employees, represented by IAM District 141M, did not approve the tentative agreement with United, ... Nevertheless, we remain fully committed to the goals of the United Airlines Union Coalition in achieving labor cost savings that will enable us to secure federally backed loans.
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other U.S. competitors who provide a commodity product with the barest minimum of service.
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reflects the financial foundation of the much stronger, much more competitive United that we have built.
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Without a coherent U.S. aviation policy that reverses the bias against airline size and removes the barriers that prevent us from constructive consolidation, U.S. carriers will be unable to compete on a global scale and we risk being marginalized,
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We also recognize that there is work where we at United do not have an advantage. That work is performed for us by vendors in the U.S., Korea and other countries, now including China.
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While no one underestimates the magnitude of the challenge, we are making good progress on our financial recovery program, ... We continue to work vigorously with all of our unions and other parties to achieve our number one goal: restoring the financial health of this airline without the necessity of an in-court process.
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Today, we have the business platform we need to compete with the strongest carriers and a clear strategy of offering the right service to the right customer at the right price.
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United will have to address the issue of the competition from low-cost carriers, ... United is going to have to broaden our appeal to more customers than simply high-end customers. United is going to have understand that, in the aggregate, there are fewer customers out there, so we have to appeal to them all.
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United is better positioned today than anyone thought remotely possible three years ago, ... We have earned the opportunity to compete and we are moving forward.
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United is a fundamentally better company today, with sustainable improvements across the business and solid operational performance,
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United is a better company today for competing with Frontier in Denver, and it'll be the same with Southwest, ... If they fly you from Denver to every single place they fly, it would be 60 percent of the coverage United offers today, with no connecting flights.