United Airlines CEO Oscar Munoz on 4Q19 earnings

0
United Airlines CEO Oscar Munoz on 4Q19 earnings
Image source: CNBC Video screenshot

CNBC Exclusive: CNBC Excerpts: United Airlines Holdings Inc (NYSE:UAL) CEO Oscar Munoz Speaks with CNBC’s Phil LeBeau

WHEN: Today, Wednesday, January 22, 2020

WHERE: Airing throughout CNBC’s Business Day programming

Blue Mountain Credit Fund still in the red YTD; here are their biggest holdings

Blue MountainBlue Mountain Credit Alternatives Fund was up 0.36% for November, although the fund remains well into the red for the year. For the first 11 months, the fund was down 24.85% gross. Q3 2020 hedge fund letters, conferences and more Blue Mountain's fundamental credit strategy was up 0.63% for November, including a 1.09% gain for Read More


The following are excerpts from a CNBC EXCLUSIVE interview with United Airlines CEO Oscar Munoz and CNBC’s Phil LeBeau which is airing throughout CNBC’s Business Day programming today Wednesday, January 22, 2020. The following is a link to video of the full interview on CNBC.com:

Get The Full Ray Dalio Series in PDF

Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q4 2019 hedge fund letters, conferences and more

United CEO Oscar Munoz on fourth-quarter earnings, the coronavirus in China and more

 

Oscar Munoz on Q4:

We had to face a lot of headwinds last year, not only the Max, with some geopolitical issues. So, I am really proud of our people to pull off a whole year. That is four quarters of margin expansion. Five on an adjusted basis. And so, it is just a really good fitting end to a 2019 that was a little rocky at points within the business community. But our folks pushed through.

Oscar Munoz on Coronavirus:

The safety and the security of our employees and our customers is first. We are working close with public health agencies like the CDC. At this point in time they have not suggested any additional precautions for us, but at the same time we are staying very, very vigilant. And, again, we'll of course do as directed.

United Airlines CEO Oscar Munoz on Boeing:

Ultimately, we have to trust in the process, that Boeing (NYSE:BA) is committed to working with regulators here in the U.S., as well as around the world. And that is a process that has worked for a long time. So, it is important that we let that whole process work out. So, as far as guidance, we will just continue to watch and monitor. And again, we will continue to deliver like we did last year.

Oscar Munoz on Capacity:

They have figured out how to maintain and repair and bring other aircraft in town, to use things that we have laying around, to borrow, beg and get other aircraft online. So, our team has done a great job of making sure we have you know enough capacity to fit our needs.

Previous article Is The Ford Rivian R1T pickup truck Going to crush Tesla?
Next article 5 Ways to Go Green and Save Your Company Money
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

No posts to display