Much of United Airline’s recent success has seemed to come at American’s expense. But American Airlines may be turning the corner
... [+]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.
Since Sept. 1, 2016, United shares have gained 73%. Delta shares have gained 51%. American shares have lost 24%. American has blamed its poor operations on the Boeing 737 MAX grounding in March and on a slowdown by mechanics and fleet service workers, who have been negotiating a joint contract for four years.
In fact, Kirby’s principal route planning initiative at United has been to grow traffic at hubs, reversing downsizing by previous management, which had sought unsuccessfully to cater to Wall Street’s often misguided preference for reducing capacity whenever possible. Munoz changed United. Last week, he won praise from all three of United’s biggest unions. “Oscar Munoz took the reins of United after the Jeff Smisek debacle and turned the company around,” said Sito Pantoja, IAM general vice president. “Scott Kirby was a big part of that resurgence. Under their leadership labor relations at United improved dramatically, creating an environment for collaboration that other carriers would be wise to emulate.
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