ow fickle is Wall Street? Less than a year ago, investors weren’t keen on United’s stock. But a couple of quarters later, they’re jumping back on the bandwagon. But not all that much has changed.
Last October, during one of the more tense U.S. airline earnings calls in recent years, United Airlines CEO Oscar Munoz begged investment analysts for patience, saying he need more time to fix some of the more unsound decisions of the previous regime.
This week, perhaps earlier than some analysts expected — after all, a couple wondered whether Munoz could lose his job because the October 2017 call went so poorly — United seems to have returned to Wall Street’s good graces.