United operates about 1,900 flights a day worldwide.
The carrier said the changes to its original application also include the targeted US$5.8 billion in labor cuts over 5 years, non-labor savings of US$1.4 billion annually plus a process for developing an additional US$400 million in savings, and further reduction in 2003-2005 capital spending of US$1.2 billion.
United said it is working with its vendors, lessors and lenders on unspecified additional measures to improve its financial position.
The linchpin of the proposed restructuring, the US$5.8 billion in labor concessions, still hinges on agreements to be worked out between United and its five unions. Chief financial officer Jake Brace said in a letter accompanying the revised application that the airline is in the process of negotiating bilateral contract amendments with the unions.
Brace said the agreementwith unions "a significant breakthrough in United's efforts to reduce our cost structure and will allow United to compete effectively with our lower-cost competitors."
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