Below is an update from UAL about our negotiations:
[SIZE=11pt]Negotiations update[/SIZE]
[SIZE=11pt]United has been meeting with the IBT for the last two weeks, and in that time we resolved some significant items under Healthcare, Hours of Service, and Sick, and we concluded a number of letters of agreement. The company made a comprehensive proposal on Saturday, providing industry-leading pay and benefits and offering meaningful improvements in the retirement area, a substantial early-out, and a base pay increase in excess of Delta’s recent 14.5 percent.[/SIZE]
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[SIZE=11pt]Unfortunately, yesterday’s announcement of a Tentative Agreement at American Airlines has changed the landscape. As a result, both sides have agreed to reconvene in Fort Lauderdale in two weeks’ time after we’ve had an opportunity to evaluate the impact on industry market rates of yesterday’s American tentative agreement.[/SIZE]
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[SIZE=11pt]The people of United are the key to our long-term success and we remain hopeful that we will continue to make progress when we meet again in two weeks.[/SIZE]