United Airlines and the Association of Flight Attendants Announce 'Early Out' Program for Eligible Flight Attendants

Date : 06/06/2008 @ 9:00AM
Source : PR Newswire
Stock : Ual (MM) (UAUA)
Quote : 6.02  0.67 (12.52%) @ 8:00PM
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United Airlines and the Association of Flight Attendants Announce 'Early Out' Program for Eligible Flight Attendants

CHICAGO, June 6 /PRNewswire-FirstCall/ -- United Airlines and the Association of Flight Attendants today announced that they have come to agreement on a one-time opportunity for eligible flight attendants to voluntarily separate from the company. The program will be available for up to 600 United flight attendants.

Flight attendants who are at least 45 years old and have at least 15 years of flight attendant service with the company as of August 1, 2008 will be eligible to participate. Participants will be entitled to severance payments based on years of service and retiree travel benefits.

"We are pleased to have reached an agreement with the AFA that benefits our employees and our company, and will mitigate the impact of our announced capacity reductions," said Alex Marren, senior vice president -- Onboard Service for United.

United will continue to explore viable alternatives related to capacity reductions with all unions representing its employees.

About United

United Airlines (NASDAQ:UAUA) operates more than 3,200* flights a day on United, United Express and Ted to more than 200 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United also is a founding member of Star Alliance, which provides connections for our customers to 965 destinations in 162 countries worldwide. United's 55,000 employees reside in every U.S. state and in many countries around the world. News releases and other information about United can be found at the company's Web site at http://www.united.com/.

* Based on United's flight schedule between Jan. 1, 2008 and Dec. 31,

2008.

DATASOURCE: United Airlines

CONTACT: Worldwide Press Office, +1-312-997-8640

Web site: http://www.united.com/

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