Washington, DC  20549

By:	/s/ Francesca M. Maher

UNITED  UPDATE

The following provides operating information for the months of October and November 2000, as well as the company's current expectations for future performance.

Revenue passenger miles - The figures reflect scheduled service only and exclude chartered service.

Fuel - While United is fully hedged against price spikes to crude oil for 2000, the company is affected by the large differential between the price of crude oil and refined oil products, or "crack spread."  For the fourth quarter the company estimates the cost of fuel to increase 47% on a year-over-year basis, with the average price per gallon of jet fuel expected to be 93.2 cents for the fourth quarter and 81 cents for the full year.

Capacity - The company anticipates capacity to increase between 2.5% and 3.0% in 2001, on a year-over-year basis.

Although showing improvement over 1999, October and November revenues were slightly lower than expected.  December revenue results will be affected by further capacity reductions, primarily due to unforeseen weather- and m aintenance-related cancellations.  Part of the reduced capacity reflects an increase in the airline's spare aircraft, which numbered 29 at the beginning of the quarter and is currently at 34 aircraft.  

These numbers reflect the company's current fleet projections, which would be adjusted accordingly in the event the merger with US Airways is consummated.

United's network is the strongest of the U.S. commercial carriers and is complimented by its schedule of nearly 2,300 flights a day to 134 destinations in 27 countries and two U.S. territories.

Backing United's strong network is the power of Star Alliance, the world's first and foremost global alliance, which provides United customers seamless access to 815 destinations worldwide.  Also providing value to United's customer and the company alike is Mileage Plus®, United's award-winning frequent-flier program.

In addition to its core business, United is leading the industry in e-commerce initiatives, not only harnessing the power of the Internet to improve the travel experience for customers, but also capitalizing on e-commerce opportunities.  

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:  Certain information contained in this document is forward looking and involves risks and uncertainties that could result in actual results differing materially from expected results.  Forward-looking statements represent the company's expectations and beliefs concerning future events, based on information available to the company as of the date of this United Update.  

Some factors that could significantly impact capacity, fuel costs, revenue and unit costs include, without limitation, the airline pricing environment; industry capacity decisions; the success of the company's cost control efforts; the cost of crude oil and jet fuel; the results of union contract negotiations and their impact on labor costs; operational disruptions as a result of bad weather, air traffic control-related difficulties and labor issues; actions of the U.S., foreign and local governments; willingness of customers to travel; the economic environment of the airline industry and the economic environment in general.

Investors should not place undue reliance on the forward-looking information contained herein, which is speaks to the factors included only as of the date of this United Update.  United disclaims any intent or obligation to update or alter any of the forward-looking statements whether in response to new information, unforeseen events, changed circumstances or otherwise.

* available seat mile: a measure of capacity

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