On December 21, 2023, Greg Hart, Executive Vice President and Special Advisor of United Airlines, Inc. and a named executive officer of United Airlines Holdings, Inc., the parent company of United, informed United and the Company of his intention to retire in 2024. In connection with Mr. Hart's announcement of his intent to retire, the Company, United and Mr. Hart entered into a Retirement and Transition Agreement on December 21, 2023. Under the terms of the Agreement, Mr. Hart agrees to (i) provide continuing services to United and the Company to support the successful transfer of responsibilities and the execution of the United Next growth strategy and (ii) voluntarily retire from the Company on September 30, 2024 or such earlier date as agreed to by the parties.