February 16, 2012

United Continental Holdings to Pay More Than a Quarter Billion Dollars in Profit Sharing to Employees

CHICAGO, Feb. 13, 2012 /PRNewswire/ -- United Continental Holdings, Inc. (NYSE: UAL) tomorrow will distribute $265 million in profit sharing to employees based on the combined full-year financial results of its subsidiaries, United Airlines and Continental Airlines.  The company is paying eligible employees approximately 5 percent of their annual pay for profit sharing.

"My co-workers worked together all year to deliver solid financial results, reliable operational performance and excellent customer service," said Jeff Smisek, United Continental Holdings' President and CEO.  "We are sharing the results of working together by distributing more than a quarter of a billion dollars in profit sharing."
Smisek will deliver profit-sharing checks to employees tomorrow at the airline's hubs at Bush Intercontinental Airport in Houston and O'Hare International Airport in Chicago.  Other officers of the company are traveling to locations around the globe to distribute profit sharing to employees.

In addition to profit sharing, co-workers of the combined company earned cash incentive payments for on-time performance totaling $40 million during 2011.  The on-time incentive program pays up to $100 monthly when the combined airline hits targets for on-time domestic and international arrivals.  The program reinforces the new United's commitment to working together to deliver outstanding performance for its customers.

United/Continental Media

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