UAL Corporation http://www.alacrastore.com/company-snapshot/UAL_Corporation-1017015 26 Nov 2009 08:33:51 EST 1017015 UAL Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/creditsights-US_Airlines_Oct_09_Traffic_Load_Factor_on_Fire-9174391743cs/91743normArticleTemplateStrong load factor growth drives unit passenger revenues, not yield.abaublysbstudiosonalin_sayalrkingairtranamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airwaysairtranamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airways9174323 Nov 2009 03:05:12 ESTYes91743150CreditSights IncairlinestransportationairlinestransportationPublishedhigh_yieldhigh_yieldusAirlinesTrafficReviewUS Airlines Traffic Review558 US Airlines Oct ## Traffic: Load Factor on Fire PRASM decline bounces of the sub-basement floor. Traffic responds to lower yields. Atlantic load factor trends especially strong. Corporate travels budgets will drive #### margins....aeroplanair_canadaair_franceairbusairtranalaska_airalitaliaallegiant_travel_companyaloha_airlinesamerica_west_holdingamerican_airlinesarmstrong_worldataawasazulboeingboeing_capitalbombardierbritish_airwayscathay_pacific_airlinescontinental_airlinescopa_airlinesdelta_air_linesdeutsche_lufthansaeadsembraerexpressjetfamily_airlinesflyifrontier_airlinesgeneral_electricglobal_aviationgol_intelligent_airlineshawaiian_airlinesjapan_airlinesjetbluelan_airlinesmesa_airmesaba_aviationmidwest_airlinespinnacle_airlineqantas_airwaysrepublic_airlinesryanairsabre_holdingsskybusskyteamskywestsouthwest_airlinesswift_transportationtamunited_airlinesus_airwaysvarigvirginvirgin_americavirgin_bluewestjetCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Airlines_At_the_Mercy_of_FAA_Infrastructure-9168191681cs/91681normWWTemplaterkingairtranamerican_airlinescontinental_airlinesdelta_air_linessouthwest_airlinesunited_airlinesus_airwaysairtranamerican_airlinescontinental_airlinesdelta_air_linessouthwest_airlinesunited_airlinesus_airways9168120 Nov 2009 03:05:00 ESTYes91681150CreditSights IncairlinestransportationairlinestransportationPublishedhigh_yieldhigh_yieldWorthWatchingWorth Watching327 Airlines: At the Mercy of FAA Infrastructure Airlines remain at the mercy of the FAA's poor management of aviation infrastructure.  Politicians were quick to blame the recent snafu on antiquated systems, but the trigger was a bug with...aeroplanaeroplanair_canadaair_canadaair_franceair_franceairbusairbusairtranairtranalaska_airalaska_airalitaliaalitaliaallegiant_travel_companyallegiant_travel_companyaloha_airlinesaloha_airlinesamerica_west_holdingamerica_west_holdingamerican_airlinesamerican_airlinesarmstrong_worldarmstrong_worldataataawasawasazulazulboeingboeingboeing_capitalboeing_capitalbombardierbombardierbritish_airwaysbritish_airwayscathay_pacific_airlinescathay_pacific_airlinescontinental_airlinescontinental_airlinescopa_airlinescopa_airlinesdelta_air_linesdelta_air_linesdeutsche_lufthansadeutsche_lufthansaeadseadsembraerembraerexpressjetexpressjetfamily_airlinesfamily_airlinesflyiflyifrontier_airlinesfrontier_airlinesgeneral_electricgeneral_electricglobal_aviationglobal_aviationgol_intelligent_airlinesgol_intelligent_airlineshawaiian_airlineshawaiian_airlinesjapan_airlinesjapan_airlinesjetbluejetbluelan_airlineslan_airlinesmesa_airmesa_airmesaba_aviationmesaba_aviationmidwest_airlinesmidwest_airlinespinnacle_airlinepinnacle_airlineqantas_airwaysqantas_airwaysrepublic_airlinesrepublic_airlinesryanairryanairsabre_holdingssabre_holdingsskybusskybusskyteamskyteamskywestskywestsouthwest_airlinessouthwest_airlinesswift_transportationswift_transportationtamtamunited_airlinesunited_airlinesus_airwaysus_airwaysvarigvarigvirginvirginvirgin_americavirgin_americavirgin_bluevirgin_bluewestjetwestjetCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-US_Airlines_2Q09_Aircraft_Operating_Cost_Review-9168391683cs/91683normArticleTemplateControllable variable unit aircraft costs like aircraft crew and maintenance continue to climb Y-o-Y.abaublysrkingairtranalaska_airamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airwaysairtranalaska_airamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airways9168320 Nov 2009 03:05:00 ESTYes91683150CreditSights IncairlinestransportationairlinestransportationPublishedhigh_yieldhigh_yieldaircraftOperatingCostReviewAircraft Operating Cost Review523 US Airlines: #Q## Aircraft Operating Cost Review Unit aircraft operating costs ex fuel continued to increase Y-o-Y. Unit costs ex fuel decreased sequentially, foloowing the seasonal trend.. It remains difficult to have a positive...aeroplanaeroplanaeroplanair_canadaair_canadaair_canadaair_franceair_franceair_franceairbusairbusairbusairtranairtranairtranalaska_airalaska_airalaska_airalitaliaalitaliaalitaliaallegiant_travel_companyallegiant_travel_companyallegiant_travel_companyaloha_airlinesaloha_airlinesaloha_airlinesamerica_west_holdingamerica_west_holdingamerica_west_holdingamerican_airlinesamerican_airlinesamerican_airlinesarmstrong_worldarmstrong_worldarmstrong_worldataataataawasawasawasazulazulazulboeingboeingboeingboeing_capitalboeing_capitalboeing_capitalbombardierbombardierbombardierbritish_airwaysbritish_airwaysbritish_airwayscathay_pacific_airlinescathay_pacific_airlinescathay_pacific_airlinescontinental_airlinescontinental_airlinescontinental_airlinescopa_airlinescopa_airlinescopa_airlinesdelta_air_linesdelta_air_linesdelta_air_linesdeutsche_lufthansadeutsche_lufthansadeutsche_lufthansaeadseadseadsembraerembraerembraerexpressjetexpressjetexpressjetfamily_airlinesfamily_airlinesfamily_airlinesflyiflyiflyifrontier_airlinesfrontier_airlinesfrontier_airlinesgeneral_electricgeneral_electricgeneral_electricglobal_aviationglobal_aviationglobal_aviationgol_intelligent_airlinesgol_intelligent_airlinesgol_intelligent_airlineshawaiian_airlineshawaiian_airlineshawaiian_airlinesjapan_airlinesjapan_airlinesjapan_airlinesjetbluejetbluejetbluelan_airlineslan_airlineslan_airlinesmesa_airmesa_airmesa_airmesaba_aviationmesaba_aviationmesaba_aviationmidwest_airlinesmidwest_airlinesmidwest_airlinespinnacle_airlinepinnacle_airlinepinnacle_airlineqantas_airwaysqantas_airwaysqantas_airwaysrepublic_airlinesrepublic_airlinesrepublic_airlinesryanairryanairryanairsabre_holdingssabre_holdingssabre_holdingsskybusskybusskybusskyteamskyteamskyteamskywestskywestskywestsouthwest_airlinessouthwest_airlinessouthwest_airlinesswift_transportationswift_transportationswift_transportationtamtamtamunited_airlinesunited_airlinesunited_airlinesus_airwaysus_airwaysus_airwaysvarigvarigvarigvirginvirginvirginvirgin_americavirgin_americavirgin_americavirgin_bluevirgin_bluevirgin_bluewestjetwestjetwestjetCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-United_Air_Lines_Attention_EETC_Shoppers-9150791507cs/91507normWWTemplaterkingunited_airlinesunited_airlines9150717 Nov 2009 03:04:55 ESTYes91507150CreditSights Incunited_statesunited_statesairlinestransportationairlinestransportationPublishedcompanies_withnvertibleshigh_yieldcompanies_withnvertibleshigh_yieldWorthWatchingWorth Watching199 United Air Lines: Attention EETC Shoppers United Air Lines took advantage of continuing investor attention to airlines' ever receding upside with an EETC including a B tranche, quick on the heels of the latest CAL A/B EETC.  UAUA gets...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-ExpressJet_Replaces_MESA_RJ_s_at_UAUA-9150691506cs/91506normWWTemplaterkingexpressjetmesa_airunited_airlinesexpressjetmesa_airunited_airlines9150617 Nov 2009 03:04:00 ESTYes91506150CreditSights Incunited_statesunited_statesairlinestransportationairlinestransportationPublishedcompanies_withnvertibleshigh_yieldcompanies_withnvertibleshigh_yield ExpressJet: Replaces MESA RJ's at UAUA ExpressJet placed ## ##-seaters at UAUA, apparently replacing MESA with lower economics.  Given that ##-seat RJ's are increasing headed to the desert, capital costs can be considered sunk-any cash...WorthWatchingWorth Watching91Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Airlines_FAA_Roadmap_to_Nowhere-9134091340cs/91340normWWTemplaterkingairtranalaska_airamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airwaysairtranalaska_airamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airways9134013 Nov 2009 03:04:00 ESTYes91340150CreditSights IncairlinestransportationairlinestransportationPublishedhigh_yieldhigh_yieldWorthWatchingWorth Watching289 Airlines: FAA Roadmap to Nowhere Airlines still suffer from government over/underregulation.  The new FAA honcho wants to create a roadmap for the future of the aviation industry, but in typical fashion he just convened a closed-door...aeroplanaeroplanair_canadaair_canadaair_franceair_franceairbusairbusairtranairtranalaska_airalaska_airalitaliaalitaliaallegiant_travel_companyallegiant_travel_companyaloha_airlinesaloha_airlinesamerica_west_holdingamerica_west_holdingamerican_airlinesamerican_airlinesarmstrong_worldarmstrong_worldataataawasawasazulazulboeingboeingboeing_capitalboeing_capitalbombardierbombardierbritish_airwaysbritish_airwayscathay_pacific_airlinescathay_pacific_airlinescontinental_airlinescontinental_airlinescopa_airlinescopa_airlinesdelta_air_linesdelta_air_linesdeutsche_lufthansadeutsche_lufthansaeadseadsembraerembraerexpressjetexpressjetfamily_airlinesfamily_airlinesflyiflyifrontier_airlinesfrontier_airlinesgeneral_electricgeneral_electricglobal_aviationglobal_aviationgol_intelligent_airlinesgol_intelligent_airlineshawaiian_airlineshawaiian_airlinesjapan_airlinesjapan_airlinesjetbluejetbluelan_airlineslan_airlinesmesa_airmesa_airmesaba_aviationmesaba_aviationmidwest_airlinesmidwest_airlinespinnacle_airlinepinnacle_airlineqantas_airwaysqantas_airwaysrepublic_airlinesrepublic_airlinesryanairryanairsabre_holdingssabre_holdingsskybusskybusskyteamskyteamskywestskywestsouthwest_airlinessouthwest_airlinesswift_transportationswift_transportationtamtamunited_airlinesunited_airlinesus_airwaysus_airwaysvarigvarigvirginvirginvirgin_americavirgin_americavirgin_bluevirgin_bluewestjetwestjetCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/fitch-ratings-Recovery_Analysis_UAL_Corp-325994_report_frame325994_report_framefitch/325994_report_framexlsUAL CorporationUnited Air lines Inc.803617018306792507 Nov 2009 12:52:00 EST01030800165Recovery AnalysisUAUAFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.ARGDEUGBRINDMEXUSA0101000001010100010200000103000001030800010310000300000003010000030108000302000003030000040000000401000004020000Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/fitch-ratings-Leveraged_Finance_Weekly-472286_report_frame472286_report_framefitch/472286_report_framepdfCleveland Electric Illuminating Co.Hovnanian Enterprises, Inc.Nalco Financial Holdings, IncUAL CorporationFirst BancorpNalco CompanyToledo Edison CompanyConvergys CorporationBlockbuster, Inc.Toys R Us, Inc.Rockwood Specialties Group, Inc.Developers Diversified Realty CorporationJohnsonDiversey, Inc.Star Gas Partners, L.P.80091548804639808046438080090896800898848036152180417179819625408335946282189629800901038306792580089020800902228168347807 Nov 2009 12:52:00 EST010102100102010001030800010101000103110001030300010203000103050001032400275NewsletterCVGBBIDDRHOVUAUASGUFBNCFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.ARGDEUGBRINDMEXUSA01010000010101000102000001020100010202000102030001020800010209000102100001021200010300000103010001030200010303000103040001030500010306000103070001030800010309000103100001031100010312000103130001031400010315000103160001031700010318000103190001032100010322000103230001032400010357000300000003010000030108000302000003030000040000000401000004020000Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-UAL_Corp-752987752987spcred/752987normglobal22 Oct 2009 03:33:00 EST400Full ReportThe latest Full Report from S&PUnited StatesAirlinesUnited StatesGlobal IssuersFull ReportUSA90254990254Y90255020302010 203020 2030 20UAL Corp.111744USAUAUAFULLCYMUSA00922K47712290255290927990928090928390928490928590928690928790928A90928B90928R90928T90931720302010 203020 2030 20AIR 2 US LLCUnited Air Lines Inc.102416338848EMERGINGLATAMERICAUSAUAL1CORPFIGLOBISSLEVFINTransportationCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Summary_UAL_Corp-752996752996spcred/752996normglobal22 Oct 2009 03:33:00 EST175SummaryThe latest Summary from S&PUnited StatesAirlinesUnited StatesGlobal IssuersSummaryUSA90254920302010 203020 2030 20UAL Corp.111744USAUAUASUMMARYCORPGLOBISSLEVFINTransportation90255090254YCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/creditsights-United_Air_Lines_3Q09_Analyst_Smackdown-9008190081cs/90081normArticleTemplateWith costs and liquidity under control, waiting on 2010 corporate travel budget resets.abaublysbstudiosonalin_sayalrkingunited_airlinesunited_airlines9008121 Oct 2009 03:03:36 ESTYes90081150CreditSights Incunited_statesunited_statesairlinestransportationairlinestransportationPublishedcompanies_withnvertiblesearningshigh_yieldearningscompanies_withnvertibleshigh_yieldEarningsNoteEarnings Note895 United Air Lines #Q##: Analyst Smackdown Liquidity improved significantly with improved access to the capital markets. Unit costs are now in line. Revenues remain a key issue, dependent heavily on premium demand. The outlook will...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/B2492371B2492371ccbn/B2492371norm20 Oct 2009 06:13:00 EST2492371Edited Brief of UAUA earnings conference call or presentation, 20-Oct-09 2:00pm ETUAL Corporation54.0000EditedUAL Corporation Q3 2009 Earnings Conference Call SummaryUAUA2:00pm ETBrief...Mike Linenberg Bank of America - Analyst Gary Chase Barclays Capital - Analyst Kevin Crissey UBS - Analyst Hunter Keay Stifel Nicolaus - Analyst Helane Becker Jesup & Lamont - Analyst Jamie Baker JPMorgan - Analyst Bill Greene Morgan Stanley - Analyst Dan McKenzie Next Generation Equity Research - Analyst Michael Derchin FTN Equity Capital - Analyst Bob McAdoo Avondale Partners - Analyst Basili Alukos Morningstar - Analyst Suzanne Kerry Wall Street Journal - Media Josh Freed Associated Press - Media Dan Reed USA Today - Media... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T2492371T2492371ccbn/T2492371norm20 Oct 2009 04:15:00 EST2492371Final Transcript of UAUA earnings conference call or presentation, 20-Oct-09 2:00pm ETUAL Corporation54.0000FinalUAL Corporation Q3 2009 Earnings Conference Call TranscriptUAUA2:00pm ETTranscript...Mike Linenberg Bank of America - Analyst Gary Chase Barclays Capital - Analyst Kevin Crissey UBS - Analyst Hunter Keay Stifel Nicolaus - Analyst Helane Becker Jesup & Lamont - Analyst Jamie Baker JPMorgan - Analyst Bill Greene Morgan Stanley - Analyst Dan McKenzie Next Generation Equity Research - Analyst Michael Derchin FTN Equity Capital - Analyst Bob McAdoo Avondale Partners - Analyst Basili Alukos Morningstar - Analyst Suzanne Kerry Wall Street Journal - Media Josh Freed Associated Press - Media Dan Reed USA Today - Media Mary Slingenschtein Bloomberg News - Media Ted Reed Thestreet.com - Media... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/newstex/MCOM-0002-38984486MCOM-0002-38984486newstex/MCOM-0002-38984486xmlNewstex Inc.2005Copyright (c) M2 Communications Ltd.Newstex Inc.newstex.comnewstexMCOM-0002-38984483M2 Airline Industry Information0002M2 Communications Ltd.MCOM1Newstex Inc.M2040000000401600004016018040150000401500120 Oct 2009 10:07:36 EST180000001800400010/20/2009 Oct. ##, #### (M# Communications Ltd. delivered by Newstex) -- UAL Corporation (NASDAQ:UAUA), the holding company with primary subsidiary United Airlines, announced on Tuesday that it posted a net loss of USD ##m, or USD #.## per basic...UAL CORPUAUANewsNewstexhttp://www.alacrastore.com/research/creditsights-US_Airlines_Sep_09_Traffic_Review_Yield_vs_RPM-9002790027cs/90027normArticleTemplateStrong demand remains dependent on discounting; even LUV is complaining.abaublysbstudiosonalin_sayalrkingairtranalaska_airamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airwaysairtranalaska_airamerican_airlinescontinental_airlinesdelta_air_linesjetbluesouthwest_airlinesunited_airlinesus_airways9002720 Oct 2009 03:05:33 ESTYes90027150CreditSights IncairlinestransportationairlinestransportationPublishedhigh_yieldhigh_yieldusAirlinesTrafficReviewUS Airlines Traffic Review532 US Airlines Sep ## Traffic Review: Yield vs RPM Industry fundamentals remain weak. Demand is strong but discount driven. Domestic yield is off -##% Y-o-Y, and all sectors continue well below #### levels. Lower yields and lower capacity...aeroplanair_canadaair_franceairbusairtranalaska_airalitaliaallegiant_travel_companyaloha_airlinesamerica_west_holdingamerican_airlinesarmstrong_worldataawasazulboeingboeing_capitalbombardierbritish_airwayscathay_pacific_airlinescontinental_airlinescopa_airlinesdelta_air_linesdeutsche_lufthansaeadsembraerexpressjetfamily_airlinesflyifrontier_airlinesgeneral_electricglobal_aviationgol_intelligent_airlineshawaiian_airlinesjapan_airlinesjetbluelan_airlinesmesa_airmesaba_aviationmidwest_airlinespinnacle_airlineqantas_airwaysrepublic_airlinesryanairsabre_holdingsskybusskyteamskywestsouthwest_airlinesswift_transportationtamunited_airlinesus_airwaysvarigvirginvirgin_americavirgin_bluewestjetCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/s-and-p-credit-research-UAL_Corp_And_Subsidiary_United_Air_Lines_Ratings_Affirmed_Off_Watch_Outlook_Negative-752357752357spcred/752357normglobal19 Oct 2009 08:53:00 EST100NewsThe latest News from S&PUnited StatesAirlinesGlobal IssuersNewsUSA90254990254Y90255020302010 203020 2030 20UAL Corp.111744USAUAUANEWSCORPGLOBISSLEVFINTransportationUnited StatesCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Research_Update_Ratings_On_UAL_And_United_Air_Lines_Subsidiary_Affirmed_Removed_From_Watch_Outlook_Negative-752358752358spcred/752358normglobal19 Oct 2009 08:53:00 EST175Research UpdateThe latest Research Update from S&PUnited StatesAirlinesUnited StatesGlobal IssuersResearch UpdateUSA90254990254Y90255020302010 203020 2030 20UAL Corp.111744USAUAUARESUPDUSA47712290255290927990928090928390928490928590928690928790928A90928B90928R90928T90931720302010 203020 2030 20United Air Lines Inc.102416USAUAL1CORPFIGLOBISSLEVFINTransportationCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_783810COP_783810moodys/COP_783810html09 Oct 2009 05:25:10 ESThtmlUAL CorporationUAL Corporation783810150.000008 Oct 2009NewsCredit OpinionCGlobal Credit Research Credit Opinion # OCT #### Credit Opinion: UAL Corporation UAL Corporation Chicago, Illinois, United States Ratings Category Moody's Rating Outlook Negative Corporate Family Rating Caa# United Air Lines, Inc....Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/research/creditsights-United_Air_Lines_Walking_on_Wall_Street-8953189531cs/89531normWWTemplaterkingunited_airlinesus_airwaysunited_airlinesus_airways8953106 Oct 2009 03:04:56 ESTYes89531150CreditSights Incunited_statesunited_statesairlinestransportationairlinestransportationPublishedcompanies_withnvertibleshigh_yieldcompanies_withnvertibleshigh_yieldWorthWatchingWorth Watching202 United Air Lines: Walking on Wall Street United Air Lines follows up with an EETC of used aircraft, and if the deal gets a ## handle and reasonable LTV, UAUA's return to the financial markets will be complete.  The equity pricing and...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/s-and-p-credit-research-UAL_Corp_s_175_Million_Convertible_Notes_Are_Rated_CCC_Recovery_Rating_6_On_Watch_Negative-749743749743spcred/749743normglobal01 Oct 2009 06:39:00 EST100NewsThe latest News from S&PAirlinesUnited StatesGlobal IssuersNewsUSA20302010 203020 2030 20UAL Corp.111744USAUAUANEWSUSA47712290255220302010 203020 2030 20United Air Lines Inc.102416USAUAL1CORPFIGLOBISSLEVFINTransportation90928B90928A90928790928690928590928490928390928090927990931790928T90928R90255090254Y902549United StatesCredit & Investment ResearchS&P Credit Research