Jake Brace
Jake Brace
business year
We didn't think it would be $50 every year of the business plan. Clearly, in 2006 it's not going to be $50.
agreement committee enormous goal prior reach
Being able to reach a global, consensual agreement with the creditor's committee prior to confirmation is the goal in any restructuring and is an enormous accomplishment.
bankruptcy best billion carriers compete costs date despite earnings february fuel higher improved last numbers operating ready united year
The numbers tell the story. Year to date in 2005, the company's operating earnings improved by over $450 million, despite fuel costs that are $1.3 billion higher than last year. When United exits bankruptcy in February 2006, we will be ready to compete aggressively with the best carriers in a way that is distinctly United.
agreement employee issues pension pleased reached resolved retirement
Once this agreement is ratified, we will now have resolved pension and retirement issues with all of our employee groups. We're pleased to have reached this agreement.
bit difficult expected
It was every bit as difficult as we expected it to be and then some.
estimate external less
That's considerably less than some external estimate I've seen.
across bring choice company corporate estate expertise facilities improve improvement involved natural number operations process profile projects resources slate
Ajay has been involved for a number of years in projects to improve our utilization of resources across the company, which made him a natural choice for the corporate real estate position. He will bring his expertise in technology, operations and process improvement to a whole slate of high- profile projects to improve and consolidate our facilities around the world.
clearly goal
The goal is clearly to get something done overnight,