Oscar Munoz Will Leave On Top. Will American Let United Airlines Stay There? [Forbes]
Delta Air Lines, Inc. (DAL)
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Source: Forbes
The airline industry’s biggest news last week was that Oscar Munoz will step down while he is on top, turning the United CEO’s job over to Scott Kirby in May. Munoz has been United’s best CEO since Stephen Wolf left in 1994. His replacement will be an industry star-in-waiting, highly regarded by Wall Street, unions, and reporters – pretty much everyone except for the people who decided to fire him from American Airlines in 2016. A less-reported story was that American’s Thanksgiving week operations were excellent. On Dec. 4, David Seymour, American operations SVP wrote employees a letter entitled, “A November to Remember.” He cited improved operating statistics – including a record seven days with no cancellations, a third consecutive month of improvement and American’s third best month for on-time arrivals since the 2013 merger with US Airways. Are the two stories related? Much of United’s recent success has seemed to come at American’s expense. Kirby’s selection focused attention on
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- 4/10/24 - Beat
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- 4/10/24 - Form 10-Q
- 4/10/24 - Form 8-K
- 3/12/24 - Form 8-K
- DAL's page on the SEC website