LOA 6 - Foreign Currency

LETTER OF AGREEMENT

BETWEEN

UNITED AIRLINES, INC.

AND

THE FLIGHT ATTENDANTS IN THE SERVICE OF

UNITED AIRLINES, INC.

AS REPRESENTED BY

ASSOCIATION OF FLIGHT ATTENDANTS-CWA, AFL-CIO

This Letter of Agreement is made and entered into in accordance with the Railway Labor Act by and between United Airlines, Inc. (the “Company”) and the Association of Flight Attendants – CWA, AFL- CIO (the “Union”).

WHEREAS during the negotiations between the Company and the Union (collectively, the “parties”) leading to the 2016.2021 Agreement (the “Agreement”), the parties agreed to address currency exchange rates for International Domicile Flight Attendant compensation.

NOW THEREFORE, the parties to this Letter of Agreement hereby agree as follows:

1. Whenever necessary, the following floor exchange rates will be utilized for Flight Attendant compensation purposes:

Domicile           To $1 US

LHRSW .56 Pound Sterling

FRASW .79762 Euro

HKGSW 7.25 Hong Kong Dollar

NRTSW 101.0 Japanese Yen

2. The purpose of these floor exchange rates is to insure a minimum compensation level for Flight Attendants based at the International Domicile(s).  If on the day payroll is calculated the actual exchange rate for any of the listed location(s) exceeds the floor rate, the higher rate will be utilized.  On a semi-annual basis, the Company and the Association will review the use of these floor exchange rate(s) for the prior year, to determine whether an adjustment is necessary.  The Company will provide the Association with a monthly recap by Domicile of the actual exchange rate(s) used for each pay period.

3. If substantial fluctuation in any of the above listed currency (ies) currencies occurs as a result of political or governmental changes, the parties will immediately meet to discuss whether  an adjustment is appropriate.  The Union’s recommendations will be considered in any final decision.

4. In the event the Company establishes any additional International Domicile(s), the parties shall meet and agree on additional floor exchange rate(s).  For Germany, Hong Kong and Japan, the floor exchange rates shall be no less favorable than those in effect as of August 28, 2016.

The parties to this Letter of Agreement hereby agree that it shall run concurrently with the 2016.2021 Agreement, and shall be concurrently subject to the provisions pertaining to duration and amendment contained therein .

The parties hereto have signed this Letter of Agreement this 28th day of August, 2016.