United Jumps as CEO Vows Airline Makeover From Hubs to Routes
- Chief Munoz promises ‘top-to-bottom’ review of operations
- Profit beats estimates as carrier plans to cut capacity growth
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United Continental Holdings Inc. rose to its highest value in almost three months after Chief Executive Officer Oscar Munoz said he is reviewing all aspects of the airline’s operations in an effort to boost profitability.
“It is a top-to-bottom, full-scale view on everything that we do,” Munoz said on an earnings conference call Wednesday. “It’s something that we have to do and acknowledge, and that involves management structure.”