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/SECOND AND FINAL ADD -- NY039 -- UAL CORPORATION/

 /SECOND AND FINAL ADD -- NY039 -- UAL CORPORATION/
 Consolidated Notes:
 (1) -- UAL Corporation is a holding company whose principal subsidiary is United Air Lines, Inc.
 (2) -- Included in "other income (expense)" for the 1992 third quarter were foreign exchange losses of $16 million and charges of $8.4 million related to certain litigation. Included in the 1991 third quarter were foreign exchange losses of $11 million and gains on the sale of certain property rights of $8 million. Included in the 1992 nine-month period were foreign exchange losses of $9.8 million and a charge of $13.1 million to record the cash settlement of class action claims resulting from litigation relating to the use of airline fare data. Included in the 1991 nine-month period were foreign exchange losses of $13.2 million.
 (3) -- The provisions (credits) for income taxes are based on estimated annual effective tax rates which differ from the federal statutory rate of 34 percent principally due to state income taxes, certain non-deductible expenses and unutilized operating losses of subsidiaries.
 (4) -- In April 1991, United consummated the acquisition of certain assets primarily related to the European operations of Pan American World Airways, Inc. (Pan Am), including authority for certain international routes, related airport facilities and certain other assets.
 In July 1992, United consummated the $135 million acquisition of certain route authorities and other assets primarily related to the Latin American operations of Pan Am. United began operating certain of the routes under emergency authority in January 1992.
 (5) -- In September 1991, UAL signed a merger agreement with Air Wis Services, Inc. (Air Wis). Air Wis owns Air Wisconsin, which has been a United Express partner of United since 1986. In January 1992, the merger was approved by the Air Wis shareholders, and Air Wis became a wholly owned subsidiary of UAL. The statement of consolidated operations includes the accounts of Air Wis from Feb. 1, 1992.
 UNITED AIR LINES, INC. AND SUBSIDIARY COMPANIES
 Financial Summary
 (Unaudited; in millions)
 Three months ended Sept. 30 1992 1991
 Operating revenues $3,530.5 $3,234.9
 Operating expenses 3,453.3 3,175.9
 Earnings from operations 77.2 59.0
 Operating Statistics
 Revenue passengers
 (in thousands) 20,090 17,422
 Revenue passenger miles
 (in millions) 28,162 24,046
 Available seat miles
 (in millions) 36,996 33,400
 Passenger load factor (percent) 76.1 72.0
 Breakeven passenger load factor
 (percent) 74.3 70.5
 Revenue per passenger mile (cents) 11.26 12.02
 Operating expenses per
 available seat mile (cents) 9.3 9.5
 Average price per gallon of jet
 fuel (cents) 69.5 67.6
 Number of aircraft in operating
 fleet at end of period 518 486
 Number of employees at end
 of period (thousands) 83.1 79.7
 Nine Months ended Sept. 30 1992 1991
 Operating revenues $9,566.9 $8,749.3
 Operating expenses 9,695.9 8,893.9
 Loss from operations (129.0) (144.6)
 Operating Statistics
 Revenue passengers
 (in thousands) 50,360 46,891
 Revenue passenger miles
 (in millions) 69,921 62,022
 Available seat miles
 (in millions) 102,004 92,484
 Passenger load factor (percent) 68.5 67.1
 Breakeven passenger load factor
 (percent) 69.6 68.3
 Revenue per passenger mile (cents) 12.18 12.43
 Operating expenses per
 available seat mile (cents) 9.5 9.6
 Average price per gallon of jet
 fuel (cents) 65.7 71.8
 Number of aircraft in operating
 fleet at end of period 518 486
 Number of employees at end
 of period (thousands) 83.1 79.7
 -0- 10/29/92 AB NY039
 /END SECOND AND FINAL ADD/
 (UAL) CO: UAL Corporation ST: Illinois IN: AIR SU: ERN


CK -- NY039B -- 6586 10/29/92 12:35 EST
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Date:Oct 29, 1992
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