For United, 2016 was a year of recovery. CEO Oscar Munoz who suffered a heart attack in October 2015 after just 38 days on the job underwent a full heart transplant and returned to work just two months later in March 2016. The company also poached president Scott Kirby from rival American Airlines and successfully settled contract negotiations with four major unions. Revenues declined by $1.3 billion, a result of competition on passenger fares and a strong U.S. dollar, and a slew of public relations crises kept the company in the news for all the wrong reasons. No matter: Investors see upside, and the stock is up more than 10% year-to-date.
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News about United Continental Holdings
The four largest U.S. carriers are accused of conspiring to raise fares.
Now she wants a written apology.
A blackout cancelled hundreds of holiday flights.
It follows a union president's op-ed that said flight attendants are often harassed.
It's becoming an ever more important revenue earner.