Final hours! Save up to 55% OFF InvestingProCLAIM SALE

United reshuffles management as it prepares for uncertain recovery

Published 05/27/2020, 04:58 PM
Updated 05/27/2020, 05:31 PM
© Reuters. United Airlines president Scott Kirby speaks at O'Hare International Airport in Chicago
UAL
-
KEX
-

By Tracy Rucinski

(Reuters) - United Airlines Holdings Inc (O:UAL) is reshuffling its management team to help the airline prepare for the near-term uncertainty of travel demand, new Chief Executive Scott Kirby (NYSE:KEX) told employees on Wednesday, as restrictions to keep the coronavirus from spreading are lifted.

With stay-at-home orders easing across the United States, airlines have pointed to slight improvements in air travel demand that had virtually disappeared in April. Still, the outlook remains uncertain.

"Demand could be down 30% or it could be down 70%," Kirby said.

Under the changes, Jon Roitman, currently United's senior vice president of airport and network operations, will replace Greg Hart as chief operations officer effective June 1.

Hart will be taking a step back to focus on medium- and long-term issues including innovation on safety, hygiene, and operating efficiency as airlines prepare for drastic changes in the travel industry following the coronavirus outbreak.

Hart will also be tasked with developing a more nimble cost structure, including labor costs.

Chicago-based United came under fire when it tried to cut working hours for thousands of union aircraft and passenger service workers, a plan the union said violated the terms of government payroll aid under the CARES Act, which bans airlines from cutting jobs or pay rates through Sept. 30.

United rolled back the plan after the union filed a lawsuit, but is still cutting hours for 10,000 management and administrative employees not covered by a collective bargaining agreement.

© Reuters. FILE PHOTO: United Airlines president Scott Kirby speaks at O'Hare International Airport in Chicago

The company has said the move is in compliance with the CARES Act.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.