CHICAGO, March 18, 2008 – UAL Corporation (NASDAQ: UAUA), the holding company whose primary subsidiary is United Airlines, today is outlining actions to offset what could be more than a $1 billion increase in fuel costs in 2008.

Speaking at the JPMorgan Aviation and Transportation Conference, Jake Brace, United executive vice president and CFO, will discuss a number of actions to offset the cost of fuel, its largest expense, while maintaining its focus on generating new revenue opportunities and meeting the needs of its most valued customers.

The company is executing against its fuel conservation plan, leading efforts to pass commodity costs onto customers, and identifying new sources of revenue by unbundling services. United recently announced a $25 second bag fee for non-elite customers that is expected to generate $100 million in annual revenue. The company also continues to review its capacity plans and expects to reduce its fleet size by 15-20 aircraft by year-end, removing older, less fuel efficient, narrowbody aircraft. Additionally, the company has increased its fuel hedges since January, and now has 20 percent of its fuel hedged for full year 2008.

United announced last quarter it expected annual consolidated capacity to be in the range of down 0.5 percent to up 0.5, with domestic capacity reduced between 4.5 percent and 3.5 percent, and expects to provide updated guidance during its first-quarter conference call next month.

United is looking to further reduce other costs and is reviewing non-aircraft capital spending having already delayed the purchase of new aircraft until the industry recovers to a level where those assets can earn a reasonable return.

"We are taking a prudent step now by reducing our fleet, taking assets out of the network that don't make sense at these fuel prices, to better position United to be successful in an ever-challenging environment," Brace said. "United has an aggressive five-year plan focused on creating shareholder value. We have led the industry in reducing domestic capacity and continue to lead efforts to pass commodity costs onto our customers, as other industries do."

About United
United Airlines (NASDAQ: UAUA) operates more than 3,300* flights a day on United, United Express and Ted to more than 200 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United also is a founding member of Star Alliance, which provides connections for our customers to 897 destinations in 160 countries worldwide. United's 55,000 employees reside in every U.S. state and in many countries around the world. News releases and other information about United can be found at the company's Web site at united.com.

*Based on the flight schedule between Feb. 12, 2008 and Dec. 31, 2008.