United’s Earnings-Call Fiasco Shakes Wall Street’s Faith in CEO
- Munoz asks for ‘patience’ as shares tumble most in eight years
- Analysts cite rising questions about future management changes
United Falls as Investors Ignore Call for Patience
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In the span of a one-hour conference call, Wall Street’s confidence in the leadership of United Airlines plummeted.
Analysts pressed Chief Executive Officer Oscar Munoz and President Scott Kirby on how they planned to deal with rising costs and falling pricing power. Would they rein in growth in the face of fare weakness? Provide more detail on revenue initiatives? Revisit financial goals outlined last year?