"We'll stand behind our financials, new aircraft orders with actual financing behind them, Higher pay and multiple customer service awards etc..."

1 Your financials sucked
2 The SEC asked Kellner where the financing was for 1/2 the aircraft orders. Did UAL finance those aircraft orders? Who was doing the financing and under what conditions? Your financiers would not finance unless merger was in place.
3 Higher pay? Irrelevant under a bankruptcy contract.
4 Customer service awards dont mean Jack but the Denver accident and Colgan Air Crash do according to your financials 2009/2008 10k 1a risk factors.