Exec hired as “key leader” leaves United
By Shen Lu United Continental Holdings Inc.’s chief commercial officer, Julia Haywood, has stepped down after less than six months on the job, the airline confirmed Friday. Haywood’s responsibilities included sales, network planning, pricing and revenue management. Haywood, a former Boston Consulting Group partner, was hired on August 18, along with Andrew Levy, chief financial […]
United fourth-quarter earnings beat expectations
By Shen Lu United Continental Holdings Inc. on Tuesday reported a better-than-expected 1.6 percent decline in its fourth-quarter passenger unit revenue, a key metric to determine the efficiency of an airline, as its net income slipped 52 percent.
Battle for the board: United shareholders plan proxy fight
By Poroma Pant Holders of a 7.1 percent stake in United Continental Holdings Inc. – unhappy with the company’s share price – plan to launch a proxy fight to claim six seats on the airline’s board. On Tuesday, United disclosed hedge funds PAR Capital Management Inc. and Altimeter Capital Management L.P. had advised the carrier […]
Lower jet-fuel costs mean higher profits for Southwest Air, United
By Xiumei Dong United Continental Holdings, Inc. and Southwest Airlines Co. both reported big fourth quarter earnings jumps Thursday, as the two carriers continue to benefit from falling oil prices. In the latest quarter, Southwest’s net income climbed to $536 million, or 82 cents per diluted share, from the $190 million, or 28 cents per […]