Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss)

NOTE 7 - COMPREHENSIVE INCOME (LOSS)

Total comprehensive income (loss) for the three and six months ended June 30 included the following (in millions):

	UAL						United						Continental Successor (a)			Continental Predecessor (a)
Three Months Ended June 30,	2011			2010			2011			2010			2011			2010
Net income	$	538		$	273		$	281		$	281		$	262		$	233
Other comprehensive income (loss) adjustments, before tax:
Investments		2			3			2			3			—			—
Fuel derivative financial instruments:
Reclassification into earnings		(278	)		—			(213	)		—			(65	)		9
Change in fair value		(231	)		(146	)		(149	)		(146	)		(82	)		(53	)
Employee benefit plans:
Amortization of net actuarial (gains) losses		(8	)		(3	)		(1	)		(3	)		(7	)		21
Amortization of prior service cost		—			—			—			—			—			8
Other		1			(3	)		—			(4	)		1			(3	)
Comprehensive loss adjustments, before tax		(514	)		(149	)		(361	)		(150	)		(153	)		(18	)
Total comprehensive income (loss) (a)	$	24		$	124		$	(80	)	$	131		$	109		$	215

(a) There were no income tax effects for either period due to the recording of valuation allowance.

	UAL						United						Continental Successor (a)			Continental Predecessor (a)
Six Months Ended June 30,	2011			2010			2011			2010			2011			2010
Net income	$	325		$	191		$	121		$	207		$	205		$	87
Other comprehensive income (loss) adjustments, before tax:
Investments		3			12			1			12			2			—
Fuel derivative financial instruments:
Reclassification into earnings		(432	)		—			(338	)		—			(94	)		6
Change in fair value		293			(146	)		236			(146	)		57			(37	)
Employee benefit plans:
Amortization of net actuarial (gains) losses		(13	)		(6	)		(1	)		(6	)		(12	)		41
Amortization of prior service cost		—			—			—			—			—			16
Other		4			(4	)		1			(4	)		3			(3	)
Comprehensive income (loss) adjustments, before tax		(145	)		(144	)		(101	)		(144	)		(44	)		23
Total comprehensive income (a)	$	180		$	47		$	20		$	63		$	161		$	110

(a) There were no income tax effects for either period due to the recording of valuation allowance.

United Airlines Inc [Member]

Comprehensive Income (Loss)

NOTE 7 - COMPREHENSIVE INCOME (LOSS)

Total comprehensive income (loss) for the three and six months ended June 30 included the following (in millions):

	UAL						United						Continental Successor (a)			Continental Predecessor (a)
Three Months Ended June 30,	2011			2010			2011			2010			2011			2010
Net income	$	538		$	273		$	281		$	281		$	262		$	233
Other comprehensive income (loss) adjustments, before tax:
Investments		2			3			2			3			—			—
Fuel derivative financial instruments:
Reclassification into earnings		(278	)		—			(213	)		—			(65	)		9
Change in fair value		(231	)		(146	)		(149	)		(146	)		(82	)		(53	)
Employee benefit plans:
Amortization of net actuarial (gains) losses		(8	)		(3	)		(1	)		(3	)		(7	)		21
Amortization of prior service cost		—			—			—			—			—			8
Other		1			(3	)		—			(4	)		1			(3	)
Comprehensive loss adjustments, before tax		(514	)		(149	)		(361	)		(150	)		(153	)		(18	)
Total comprehensive income (loss) (a)	$	24		$	124		$	(80	)	$	131		$	109		$	215

(a) There were no income tax effects for either period due to the recording of valuation allowance.

	UAL						United						Continental Successor (a)			Continental Predecessor (a)
Six Months Ended June 30,	2011			2010			2011			2010			2011			2010
Net income	$	325		$	191		$	121		$	207		$	205		$	87
Other comprehensive income (loss) adjustments, before tax:
Investments		3			12			1			12			2			—
Fuel derivative financial instruments:
Reclassification into earnings		(432	)		—			(338	)		—			(94	)		6
Change in fair value		293			(146	)		236			(146	)		57			(37	)
Employee benefit plans:
Amortization of net actuarial (gains) losses		(13	)		(6	)		(1	)		(6	)		(12	)		41
Amortization of prior service cost		—			—			—			—			—			16
Other		4			(4	)		1			(4	)		3			(3	)
Comprehensive income (loss) adjustments, before tax		(145	)		(144	)		(101	)		(144	)		(44	)		23
Total comprehensive income (a)	$	180		$	47		$	20		$	63		$	161		$	110

(a) There were no income tax effects for either period due to the recording of valuation allowance.

Continental Airlines Inc [Member]

Comprehensive Income (Loss)

NOTE 7 - COMPREHENSIVE INCOME (LOSS)

Total comprehensive income (loss) for the three and six months ended June 30 included the following (in millions):

	UAL						United						Continental Successor (a)			Continental Predecessor (a)
Three Months Ended June 30,	2011			2010			2011			2010			2011			2010
Net income	$	538		$	273		$	281		$	281		$	262		$	233
Other comprehensive income (loss) adjustments, before tax:
Investments		2			3			2			3			—			—
Fuel derivative financial instruments:
Reclassification into earnings		(278	)		—			(213	)		—			(65	)		9
Change in fair value		(231	)		(146	)		(149	)		(146	)		(82	)		(53	)
Employee benefit plans:
Amortization of net actuarial (gains) losses		(8	)		(3	)		(1	)		(3	)		(7	)		21
Amortization of prior service cost		—			—			—			—			—			8
Other		1			(3	)		—			(4	)		1			(3	)
Comprehensive loss adjustments, before tax		(514	)		(149	)		(361	)		(150	)		(153	)		(18	)
Total comprehensive income (loss) (a)	$	24		$	124		$	(80	)	$	131		$	109		$	215

(a) There were no income tax effects for either period due to the recording of valuation allowance.

	UAL						United						Continental Successor (a)			Continental Predecessor (a)
Six Months Ended June 30,	2011			2010			2011			2010			2011			2010
Net income	$	325		$	191		$	121		$	207		$	205		$	87
Other comprehensive income (loss) adjustments, before tax:
Investments		3			12			1			12			2			—
Fuel derivative financial instruments:
Reclassification into earnings		(432	)		—			(338	)		—			(94	)		6
Change in fair value		293			(146	)		236			(146	)		57			(37	)
Employee benefit plans:
Amortization of net actuarial (gains) losses		(13	)		(6	)		(1	)		(6	)		(12	)		41
Amortization of prior service cost		—			—			—			—			—			16
Other		4			(4	)		1			(4	)		3			(3	)
Comprehensive income (loss) adjustments, before tax		(145	)		(144	)		(101	)		(144	)		(44	)		23
Total comprehensive income (a)	$	180		$	47		$	20		$	63		$	161		$	110

(a) There were no income tax effects for either period due to the recording of valuation allowance.