- United Airlines shares rose as much as 1% in early Thursday trading after the company announced CEO Oscar Munoz will step down in May and President Scott Kirby will become its new chief executive.
- Munoz will become the airline’s chairman, and current chair Jane Garvey will retire from United’s board.
- Kirby was recruited by Munoz in 2016 after serving as president of American Airlines. The future CEO assisted American through several mergers that eventually created the nation’s largest airline.
- Watch United Airlines trade live here.