Hi, this is Glenn. It's Tuesday, August 24, and I am calling from Chicago.

In our last call, I spoke of moving forward -- the importance of resolving differences among our various stakeholders based on a genuine understanding of the facts, and about the importance and the need to have serious discussions, and for those discussions to be both responsible and accountable.

Today on this call, I want to build on those points. I want to talk about transparency and the importance of participation in the process, as well as the seriousness of the challenges that we face today.

As I said in my last call, United is indeed standing at a critical crossroads.

Last Friday, the Bankruptcy Court granted United relief on several of our key motions. First, was our amended DIP facility. The second was United's motion for another 30-day period of exclusivity. These rulings provide United with crucial liquidity and the stability that we need to continue working toward attracting exit financing.

That said, our top priority is our people -- our employees and our customers. We need a business plan that mobilizes our employees, and retains and expands our customer base. That plan must be both viable and finance-able, and it must ensure that we are well positioned to compete going forward, in a market that will continue to challenge the entire industry.

To achieve that goal in the coming weeks, we will work to intensify our discussions with all key stakeholders. For all those involved in deciding the future of United, there's going to be complete transparency. There is no hiding the facts about United's financial situation.

The numbers speak for themselves -- our liquidity and cash flow requirements, as well as rising fuel costs and a highly competitive environment. These are the realities of today's marketplace. Any suggestion that there are easy answers to the problems facing United, and in fact the industry, is both irresponsible and inaccurate.

Telling people what they want to hear is not the solution. It will not get us out of Chapter 11 any sooner, and it distracts us from dealing with the real issues at hand. We need the full, honest and constructive participation of all stakeholders. In fact, we want their input and we need their ideas.

Our stakeholders have had, and will continue to have, many opportunities to be fully engaged and involved. Our Board of Directors, which includes two labor directors, has been intimately involved in every issue and every decision.

And for nearly two years, the creditors' committee, comprised of representatives of the unsecured creditors with the largest claims, including ALPA, the IAM, and the AFA, has met monthly with us to review and discuss information and actions taken in our bankruptcy. Numerous other meetings with creditors' committee representatives have been held and are ongoing today on all issues affecting the company.

Going forward, I have committed to increasing and improving interactions with our stakeholders in any way that is productive, including our individual meetings with all of our union representatives.

We've seen that when we are all fully engaged in a constructive way, as was mentioned in court on Friday, we have demonstrated that we can work together effectively as we did during the ATSB process. Where we have differences, the solutions should be fact-based. Proposals cannot play on people's fears, especially those of our employees or our customers.

We have tough issues to resolve. They are complex and emotionally charged. It is hard work to be constructive. It is far easier to criticize than to make the tough choices, especially when they could have an impact on people's lives.

But no amount of emotionally charged rhetoric will change our situation. We need to collectively deal with the real issues at hand. That is the only path that leads to genuine solutions. United is going to be judged by how we respond to these challenges today.

As I said last week, this is about the future of our company and about the future of everyone who has a stake in the company.

Until the next time we have an opportunity to record a call, keep your heads up and stay United.