Cautionary Statement Regarding Forward-Looking Statements1 Certain statements in this press release are forward-looking and thus reflect United’s current expectations and beliefs with respect to certain current and future events and anticipated effects of the new aircraft order and the broader United Next plan. Such forward-looking statements are and will be subject to many risks and uncertainties relating to United’s operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," “remains,” "believes," "estimates," "forecast," "guidance," "outlook," "goals," "targets" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as conditional statements, statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this press release are based upon information available to United on the date of this press release. United undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law.
United’s actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: the adverse impacts of the ongoing COVID-19 global pandemic, and possible outbreaks of another disease or similar public health threat in the future, on the business, operating results, financial condition, liquidity and near-term and long-term strategic operating plan of United, including possible additional adverse impacts resulting from the duration and spread of the pandemic;unfavorable economic and political conditions in the United States and globally;the highly competitive nature of the global airline industry and susceptibility of the industry to price discounting and changes in capacity;high and/or volatile fuel prices or significant disruptions in the supply of aircraft fuel;United’s reliance on technology and automated systems to operate its business and the impact of any significant failure or disruption of, or failure to effectively integrate and implement, the technology or systems;United’s reliance on third-party service providers and the impact of any significant failure of these parties to perform as expected, or interruptions in United’s relationships with these providers or their provision of services;adverse publicity, harm to United’s brand, reduced travel demand, potential tort liability and voluntary or mandatory operational restrictions as a result of an accident, catastrophe or incident involving United, its regional carriers, its codeshare partners, or another airline;terrorist attacks, international hostilities or other security events, or the fear of terrorist attacks or hostilities, even if not made directly on the airline industry;increasing privacy and data security obligations or a significant data breach;disruptions to United’s regional network and United Express flights provided by third-party regional carriers;the failure of United’s significant investments in other airlines, equipment manufacturers and other aviation industry participants to produce the returns or results United expects;further changes to the airline industry with respect to alliances and joint business arrangements or due to consolidations;changes in United’s network strategy or other factors outside United’s control resulting in less economic aircraft orders, costs related to modification or termination of aircraft orders or entry into less favorable aircraft orders, as well as any inability to accept or integrate new aircraft into its fleet as planned;United’s reliance on single suppliers to source a majority of its aircraft and certain parts, and the impact of any failure to obtain timely deliveries, additional equipment or support from any of these suppliers;the impacts of union disputes, employee strikes or slowdowns, and other labor-related disruptions on United’s operations;extended interruptions or disruptions in service at major airports where United operates;the impacts of seasonality and other factors associated with the airline industry;United’s failure to realize the full value of its intangible assets or its long-lived assets, causing United to record impairments;any damage to United’s reputation or brand image;the limitation of United’s ability to use its net operating loss carryforwards and certain other tax attributes to offset future taxable income for U.S. federal income tax purposes;the costs of compliance with extensive government regulation of the airline industry;costs, liabilities and risks associated with environmental regulation and climate change;the impacts of United’s significant amount of financial leverage from fixed obligations, the possibility United may seek material amounts of additional financial liquidity in the short-term and insufficient liquidity on its financial condition and business;failure to comply with the covenants in the MileagePlus financing agreements, resulting in the possible acceleration of the MileagePlus indebtedness, foreclosure upon the collateral securing the MileagePlus indebtedness or the exercise of other remedies;failure to comply with financial and other covenants governing United’s other debt;changes in, or failure to retain, United’s senior management team or other key employees;current or future litigation and regulatory actions, or failure to comply with the terms of any settlement, order or arrangement relating to these actions;increases in insurance costs or inadequate insurance coverage;and other risks and uncertainties set forth under Part I, Item 1A., "Risk Factors," of United’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as well as other risks and uncertainties set forth from time to time in the reports United files with the U.S. Securities and Exchange Commission.