UAL Corp. emerges from Chapter 11
United Airlines parent company UAL Corp. formally exited bankruptcy Wednesday, after more than three years operating under Chapter 11 protection.
“Today, we have the business platform we need to compete with the strongest carriers,” said Glenn Tilton, United’s chairman, chief executive officer and president. “As we move ahead, United is committed to continuous improvement in costs, revenue and operations to optimize our resources and sustain competitive margins. We can be better. We are in a very competitive industry, and we take nothing for granted.”
Tilton will ring the opening bell of the Nasdaq Stock Exchange remotely from Chicago’s O’Hare International Airport today to mark the company’s new listing.
UAL will trade under the ticker symbol “UAUA.”