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UAL Corporation
From Wikipedia, the free encyclopedia
| UAL Corporation | |
 |
|
| Type | Public (NASDAQ: UAUA) |
|---|---|
| Founded | 1926 |
| Headquarters | Elk Grove, Illinois, USA |
| Key people | Glenn F. Tilton, Chairman & CEO |
| Industry | Major Airlines |
| Products | Airline Services |
| Revenue |  $17.371 Billion USD (2005) |
| Net income |  -$21.176 Billion USD (2005) |
| Employees | 56,861 (2005) |
| Slogan | It's time to fly |
| Website | www.united.com |
UAL Corporation (NASDAQ: UAUA) is an airline holding company, incorporated in Delaware with headquarters in Elk Grove, Illinois. The CEO of UAL Corporation since September of 2002 is Glenn Tilton.
Contents |
UAL Corporation was incorporated December 30, 1968 as a Delaware corporation as part of a reorganization of United Airlines, now its largest subsidiary, whose history is considerably longer.
Starting in 1982, in response to the reality of a deregulated airline market place, United attempted to diversify its business to stabilize its finances and make its labor costs competitive with other airlines. It acquired the Westin and Hilton hotel chains and the Hertz Corporation car rental company, and briefly changed its name to Allegis.
The ventures were profitable in 1987 when Allegis divested itself of these other operations.
In December of 2002, UAL and 26 of its subsidiaries filed for Chapter 11 bankruptcy. It emerged on February 1, 2006.
As of 2005, the directors of UAL Corporation are:
- Glenn F. Tilton, Chairman/President/CEO
- Mark A. Bathurst (pilots' union)
- Stephen R. Canale (Machinist & Aerospace Workers union)
- W. James Farrell
- W. Douglas Ford
- Dipak Jain
- Robert S. Miller
- James J. O'Connor
- Paul E. Tierney
- John H. Walker
- George B. Weiksner
As of October 2005, the company's subsidiaries included the following:
- United Air Lines, Inc. (including Ted and United Cargo)
- Covia, LLC
- Domicile Management Services, Inc. (also subsidiary of Air Wis Services)
- Kion de Mexico, S.A. de C.V
- Kion Leasing, Inc.
- Premier Meeting and Travel Services, Inc.
- UAL Loyalty Services Inc. (loyalty programs and travel clubs, including United Cruises)
- Mileage Plus Holdings Inc.
- Mileage Plus Marketing, Inc. (administers the Mileage Plus frequent flyer program)
- ULS Ventures, Inc.
- Mileage Plus Holdings Inc.
- United Air Lines Ventures, Inc.
- United Aviation Fuels Corporation (fuel purchasing unit)
- United Cogen, Inc. (develops and operates cogeneration and power projects)
- United GHS, Inc. (ground handling services)
- United Vacations Inc.
- United Worldwide Corporation
- Air Wis Services, Inc.
- Air Wisconsin, Inc. (not to be confused with Air Wisconsin Airlines Corporation, an independent corporation and former United Express partner)
- Domicile Management Services, Inc. (also subsidiary of United Airlines)
- Avolar (United BizJet Holding, Inc., not to be confused with Avolar Aerolíneas SA de CV)
- Bizjet Charter Inc.
- Bizjet Fractional Inc.
- Bizjet Services, Inc.
- Four Star Insurance Company, Ltd.
- Four Star Leasing, Inc.
- MyPoints.com, Inc. (Sold to United Online in April 2006)
- Ameniti Travel Clubs, Inc.
- Cybergold, Inc.
- itarget.com, Inc.
- MyPoints Offline Services, Inc.
- UAL Benefits Management, Inc.
- UAL Company Services Inc.