The Air Line Pilots Association said today “Today’s
announcement of the election of Oscar Munoz as Chief
Executive Officer of United Continental Holdings,
Inc., represents a new beginning and fresh course
for United Airlines, its employees and passengers.
Our pilots welcome the opportunity to work with Mr.
Munoz and his team to build, from a new perspective,
a culture at United Airlines where management and
employees work together for the betterment of our
Airlines for America (A4A) today also announces it's new
Board Chairman after Smisek stepped down. Doug
Parker, chairman and CEO of American Airlines, will
become their new chairman. Airlines for America is a
lobbying organization that advocates on behalf
executives. “We thank Jeff for his years of service
to the industry and its trade association and
appreciate his insight and leadership as chairman of
the A4A board”.
United Airlines Machinists Union General Vice President,
Sito Pantoja said, “We look forward to working with
new CEO Oscar Munoz, who we hope will respect the
good people at United and provided them the tools to
put their airline back on top. The dedicated,
hard-working employees at United deserve better than
the questionable leadership Jeff Smisek provided...... Under Smisek's five-year tenure at
United's helm, the carrier has consistently lagged
industry peers in operational and financial
performance and has posted dismal customer
Smisek will receive a
separation payment in the amount of $4,875,000,
tax benefits and flight benefits, set forth in a
Separation Agreement filed today.
remain eligible for a pro-rated bonus, he will keep
his health insurance until his is eligible for
Medicare, and he will keep his flight benefits,
his company car and parking privileges for the remainder of his
lifetime. United Continental's shares fell 2.8
percent in trading after the closing bell on the New
York Stock Exchange.