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Forward-Looking Statements
Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements
This
communication
contains
“forward-looking
statements”
within
the
meaning
of
the
safe
harbor
provisions
of
the
Private
Securities
Litigation
Reform
Act
of
1995
that
are
not
limited
to
historical
facts,
but
reflect
Continental’s
and
UAL’s
current
beliefs,
expectations
or
intentions
regarding
future
events.
Words
such
as
“may,”
“will,”
“could,”
“should,”
“expect,”
“plan,”
“project,”
“intend,”
“anticipate,”
“believe,”
“estimate,”
“predict,”
“potential,”
“pursue,”
“target,”
“continue,”
and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements include,
without limitation, Continental’s and UAL’s expectations with
respect to the synergies, costs and other anticipated financial impacts of the
proposed transaction; future financial and operating results
of
the
combined
company;
the
combined
company’s
plans,
objectives,
expectations
and
intentions
with
respect
to
future
operations
and
services; approval of the proposed transaction by stockholders and by governmental
regulatory authorities; the satisfaction of the
closing conditions to the
proposed transaction; and the timing of the completion of the proposed transaction.
All forward-looking statements involve significant risks and uncertainties that
could cause actual results to differ materially from those in
the
forward-looking statements, many of which are generally outside the control of Continental and UAL and are difficult to predict.
Examples of such risks and uncertainties include, but are not limited to, (1) the
possibility that the proposed transaction is delayed or
does
not
close,
including
due
to
the
failure
to
receive
required
stockholder
or
regulatory
approvals,
the
taking
of
governmental
action
(including
the
passage
of
legislation)
to
block
the
transaction,
or
the
failure
of
other
closing
conditions,
and
(2)
the
possibility
that
the
expected
synergies
will
not
be
realized,
or
will
not
be
realized
within
the
expected
time
period,
because
of,
among
other
things,
significant volatility in the cost of aircraft fuel, the high leverage and other
significant capital commitments of Continental and UAL, the
ability to obtain
financing and to refinance the combined company’s debt, the ability of Continental and UAL to maintain and utilize their
respective net operating losses, the impact of labor relations, global economic
conditions, fluctuations in exchange rates, competitive
actions taken by other
airlines, terrorist attacks, natural disasters, difficulties in integrating the two airlines, the willingness of customers
to
travel
by
air,
actions
taken
or
conditions
imposed
by
the
U.S.
and
foreign
governments
or
other
regulatory
matters,
excessive
taxation,
further industry consolidation and changes in airlines alliances, the availability
and cost of insurance and public health threats.
UAL and Continental caution
that the foregoing list of factors is not exclusive. Additional information concerning these and other risk
factors is contained in Continental’s and UAL’s most recently filed Annual
Reports on Form 10-K, subsequent Quarterly Reports on Form
10-Q,
recent Current Reports on Form 8-K, and other SEC filings. All subsequent written and oral forward-looking statements
concerning Continental, UAL, the proposed transaction or other matters and
attributable to Continental or UAL or any person acting on
their behalf are
expressly qualified in their entirety by the cautionary statements above. Neither Continental nor UAL undertakes any
obligation to publicly update any of these forward-looking statements to reflect
events or circumstances that may arise after the date
hereof.
Cautionary Statement Regarding Forward-Looking Statements
This
communication
contains
“forward-looking
statements”
within
the
meaning
of
the
safe
harbor
provisions
of
the
Private
Securities
Litigation
Reform
Act
of
1995
that
are
not
limited
to
historical
facts,
but
reflect
Continental’s
and
UAL’s
current
beliefs,
expectations
or
intentions
regarding
future
events.
Words
such
as
“may,”
“will,”
“could,”
“should,”
“expect,”
“plan,”
“project,”
“intend,”
“anticipate,”
“believe,”
“estimate,”
“predict,”
“potential,”
“pursue,”
“target,”
“continue,”
and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements include,
without limitation, Continental’s and UAL’s expectations with
respect to the synergies, costs and other anticipated financial impacts of the
proposed transaction; future financial and operating results
of
the
combined
company;
the
combined
company’s
plans,
objectives,
expectations
and
intentions
with
respect
to
future
operations
and
services; approval of the proposed transaction by stockholders and by governmental
regulatory authorities; the satisfaction of the
closing conditions to the
proposed transaction; and the timing of the completion of the proposed transaction.
All forward-looking statements involve significant risks and uncertainties that
could cause actual results to differ materially from those in
the
forward-looking statements, many of which are generally outside the control of Continental and UAL and are difficult to predict.
Examples of such risks and uncertainties include, but are not limited to, (1) the
possibility that the proposed transaction is delayed or
does
not
close,
including
due
to
the
failure
to
receive
required
stockholder
or
regulatory
approvals,
the
taking
of
governmental
action
(including
the
passage
of
legislation)
to
block
the
transaction,
or
the
failure
of
other
closing
conditions,
and
(2)
the
possibility
that
the
expected
synergies
will
not
be
realized,
or
will
not
be
realized
within
the
expected
time
period,
because
of,
among
other
things,
significant volatility in the cost of aircraft fuel, the high leverage and other
significant capital commitments of Continental and UAL, the
ability to obtain
financing and to refinance the combined company’s debt, the ability of Continental and UAL to maintain and utilize their
respective net operating losses, the impact of labor relations, global economic
conditions, fluctuations in exchange rates, competitive
actions taken by other
airlines, terrorist attacks, natural disasters, difficulties in integrating the two airlines, the willingness of customers
to
travel
by
air,
actions
taken
or
conditions
imposed
by
the
U.S.
and
foreign
governments
or
other
regulatory
matters,
excessive
taxation,
further industry consolidation and changes in airlines alliances, the availability
and cost of insurance and public health threats.
UAL and Continental caution
that the foregoing list of factors is not exclusive. Additional information concerning these and other risk
factors is contained in Continental’s and UAL’s most recently filed Annual
Reports on Form 10-K, subsequent Quarterly Reports on Form
10-Q,
recent Current Reports on Form 8-K, and other SEC filings. All subsequent written and oral forward-looking statements
concerning Continental, UAL, the proposed transaction or other matters and
attributable to Continental or UAL or any person acting on
their behalf are
expressly qualified in their entirety by the cautionary statements above. Neither Continental nor UAL undertakes any
obligation to publicly update any of these forward-looking statements to reflect
events or circumstances that may arise after the date
hereof.
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