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UAL ANNOUNCES CAPITAL SPENDING REDUCTION

 UAL ANNOUNCES CAPITAL SPENDING REDUCTION
 CHICAGO, Feb. 10 /PRNewswire/ -- In commenting further on its


reduction in capital spending, UAL Corp. (NYSE: UAL), the parent company of United Airlines, announced today that it is significantly reducing the number of aircraft of which it plans to take delivery during the next few years.
 Currently, United has orders and options totaling 278 aircraft for delivery during the 1992-1995 period. It will continue to take its full complement of 66 aircraft committed for 1992 (6 B747s, 10 B767s, 25 B757s and 25 B737s). However, based on the current economic outlook, the company now expects to take only 156 aircraft during the 1992-1995 period, a decline of 122 units. This revised fleet plan will require $12.2 billion in capital spending, $6.7 billion below the amount required had 278 aircraft been delivered. United will continue to take widebody aircraft to support its international expansion. The focus of change involves a reduction of 44 B737 and 60 B757 aircraft.
 United noted that depending upon market conditions, it retains the flexibility to restore affected aircraft.
 UNITED FLEET ADDITIONS
 1992 1993 1994 1995
 B737 25 17 21 3
 B747 6 4 3 3
 B757 25 18 0 0
 B767 10 11 5 0
 B777 0 0 0 5
 Total 66 50 29 11
 -0- 2/10/92
 /CONTACT: Lynn Martenstein, 708-952-4933, Joe Hopkins, 708-952-5770, or night, 708-952-4088, or investor relations, Ann Thoma, 708-952-7501, all of UAL/
 (UAL) CO: UAL Corp.; United Airlines ST: Illinois IN: AIR SU:


KD -- NY069 -- 8351 02/10/92 13:56 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 10, 1992
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