United Continental Holdings Inc released a statement stating that its Chief Executive Officer Oscar Munoz was admitted to a Chicago area hospital on Thursday, October 15, 2015.
Oscar Munoz took over the helm at United Airlines a little over a month ago (News – September 8, 2015) from outgoing CEO Jeff Smisek who resigned amid internal and federal investigations over the carrier’s relationship with the Port Authority of New York and New Jersey.
The Wall Street Journal reported on Friday that the CEO suffered a heart attack. The company’s board is waiting for the news of Munoz’s condition before it will decide whether an interim leader is necessary.
Munoz has been praised for his strong stance in building better relationships with unions, workers and customers. In light of his health conditions, he did not make a labor summit scheduled yesterday.
Shares of United Airlines is down almost 3% in afternoon trading. Since taking the leader role, shares have been trading around even at $US56.