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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other U.S. competitors who provide a commodity product with the barest minimum of service.
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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 has made tremendous progress in our restructuring to improve performance across the board, in costs, revenue, operations and service to our customers.
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United Airlines will continue to provide customers with the same experience and level of service they have come to expect, ... We stand by our commitment to provide customers with convenient schedules, quality onboard services and the most extensive route network in the U.S. and abroad.
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We are very excited by this historic opportunity to be the first U.S. carrier to provide direct service to Vietnam in almost 30 years.
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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.
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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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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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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,