Here are the targets UAL must meet:
Timetable for United to become profitable
Date (2003) Target cash flow
Feb. 28 -$964 million
March 31 -$881 million
April 30 -$849 million
May 31 -$738 million
June 30 -$585 million
July 31 -$448 million
Aug. 31 -$219 million
Sept. 30 -$98 million
Oct. 31 +$46 million
Nov. 30 +$112 million
If UAL fails to meet any of these targets, they are in violation of the loan covenants and the banks can force them into CH 7. It will be a tough road ahead...good luck to all at UAL!