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Tomas Kinmonth, a fixed income strategist at ABN Amro, said the changes reflected the revised business models of some of the banks.
In a recorded phone message, Mr. Siegel said leaders of the company's unions said they had "no interest in hearing the revised business plan or even having discussions with management on work rule and productivity changes".
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United soon needs to give the government a revised business plan showing the concessions it can realistically hope for.
The changes also reduce certain earnings goals "to reflect the current operating environment and revised business plans," the company said.
The NIC urged the Department for Transport and Transport for London to issue a revised business case for the project, with the aim of securing the go-ahead from parliament by autumn 2019.
The state government has released a revised business case for the project, including a cost-benefit analysis showing the project would generate a return of $1.10 for every dollar invested, or $1.50 if wider economic benefits were included.
The company submitted a revised business plan laying out $5.8 billion in concessions, then had to revise that to $5.2 billion in late November, amid thorny union negotiations.
The report said: "We are of the view that had appropriate governance, risk management and reporting arrangements been established from the outset, then the process of preparing a revised business case for DMI could have been commenced as early as July 2011.
The airline said it would file a revised business plan with the federal government this week to bolster an application for a $1.8 billion loan guarantee.
It would have to schedule another vote if the company and the union negotiated new concessions as part of any revised business plan sent to the loan board.
He added that the department intended to review a revised business plan from Fisker and determine the best plan of action for the company to "meet its benchmarks, produce cars and employ workers here in America".
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