Interesting statement he's made at the end:
Mr. Smisek said he takes inspiration from Delta, "which is doing quite well, which I'm delighted with because they're two years ahead of us" in absorbing its 2008 acquisition of Northwest Airlines.
Delta last month announced plans to begin paying a quarterly dividend of six cents a share, and to buy back $500 million of its stock.
Mr. Smisek said United has "absolutely every intention of paying a dividend to our shareholders. The time is not right now, but the time will come."