-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EdtRrUMdsEWIYBzw0NPKNG69xAxiNv55qJTlgOgi6hwCxQ+ZqenMqmFECuoL6w8p 6UMpuCrQsvAHj+P3v0mErQ== 0000100517-97-000033.txt : 19970922 0000100517-97-000033.hdr.sgml : 19970922 ACCESSION NUMBER: 0000100517-97-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970918 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19970918 SROS: CSE SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UAL CORP /DE/ CENTRAL INDEX KEY: 0000100517 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 362675207 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06033 FILM NUMBER: 97682296 BUSINESS ADDRESS: STREET 1: 1200 ALGONQUIN ROAD CITY: ELK GROVE TOWNSHIP STATE: IL ZIP: 60007 BUSINESS PHONE: 8477004000 MAIL ADDRESS: STREET 1: 1200 ALGONQUIN ROAD CITY: ELK GROVE TOWNSHIP STATE: IL ZIP: 60007 FORMER COMPANY: FORMER CONFORMED NAME: ALLEGIS CORP DATE OF NAME CHANGE: 19880613 FORMER COMPANY: FORMER CONFORMED NAME: UAL INC DATE OF NAME CHANGE: 19870517 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: September 18, 1997 ----------------------------------- (Date of earliest event reported) UAL CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-6033 36-2675207 - ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1200 Algonquin Road, Elk Grove Township, Illinois 60007 - ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (847) 700-4000 -------------- Not Applicable -------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. ------------ UAL Corporation (the "Company") is filing herewith a press release issued today by the Company as Exhibit 99.1 which is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. --------------------------------- Exhibit No. Description - ---------- ----------- 99.1 Press Release SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UAL CORPORATION By: /s/ Douglas A. Hacker Name: Douglas A. Hacker Title: Senior Vice President and Chief Financial Officer Dated: September 18, 1997 EXHIBIT INDEX Exhibit Number Description - ------ ----------- 99.1 Press Release EX-99.1 2 Exhibit 99.1 UNITED AIRLINES ANNOUNCES CHANGES TO COMMISSION STRUCTURE FOR IMMEDIATE RELEASE - --------------------- CHICAGO, Sept. 18, 1997 -- As part of its ongoing effort to reduce costs, United Airlines is restructuring its travel agency commission rate for travel purchased in the United States, Puerto Rico, the U.S. Virgin Islands and Canada. The changes are effective at 12:01 a.m. (Central Daylight Time) on Sept. 19, 1997. Tickets purchased in the United States and Puerto Rico for travel within the country will earn an 8 percent base commission rate with a maximum payment of $50 (U.S.) for each round-trip and $25 (U.S.) for each one-way flight. In addition, tickets purchased in Canada for all flights between Canada and the U.S. will earn an 8 percent base commission rate with a maximum payment of $70 (Canadian) for roundtrips and $35 (Canadian) for one-way flights. Tickets purchased in the United States and Canada to all international destinations also will earn an 8 percent base commission rate without any maximum payment amount. This action largely corresponds with the 8 percent U.S. point of sale base commission rate currently offered by Delta Air Lines and American Airlines in international markets. (more) -2- This commission action by United will have no direct impact on the cost of tickets for consumers. "This new domestic and international commission structure reflects our larger objective of keeping all of our costs under control," says United Airlines Chairman and Chief Executive Officer Gerald Greenwald. "We anticipate that this action will result in savings of approximately $80 to $100 million annually. It will allow United to more effectively thrive in an increasingly competitive airline marketplace, and it will allow us to invest more in our product and service to travelers." Focusing on what travelers want, United's service investments and cost-cutting actions have included: - - the introduction of more comfortable seats throughout the aircraft fleet; - - improved meals in all classes of service; - - expanded and enhanced airport facilities in cities such as Washington D.C. and Los Angeles; - - cutting-edge technology such as the "Fast Air" airport processing system aimed at improving customer service; - - the refurbishment of Red Carpet Clubs and First Class lounges; - - an aggressive retire-and-replace aircraft strategy to lower maintenance expenses and enhance reliability; - - the early repayment of debt in order to lower future interest expense. (more) -3- "The quest to cut costs isn't a one-shot exercise - - it is a way of life at United," adds Greenwald. "There is a new and more intense level of competitiveness that all airlines must now confront in the global marketplace. Because of this, United continues to look for ways to survive and succeed by improving revenue and cutting costs in every aspect of our operation." As the largest air carrier in the world and the largest majority employee-owned company, United Airlines offers nearly 2,300 flights a day to 136 destinations in 30 countries and two U.S. territories. United also is an industry innovator with breakthroughs such as E-Ticket Service, United Connection, Self-Service Boarding Pass Machines, Shuttle by United, and the introduction of the technologically advanced Boeing 777. United Airlines' Internet address is http://www.ual.com -----END PRIVACY-ENHANCED MESSAGE-----