Oscar Munoz net worth and biography

Oscar Munoz Biography and Net Worth

Chairman of United Airlines
Oscar Munoz became CEO of United Airlines in 2015, following 10 years as a member of the parent company’s board. He brought a diverse background to the role, having held senior positions at telecoms Qwest and AT&T, consumer brands Coca-Cola and Pepsi, and freight transporter CSX. He was also the only Latino CEO of a major airline and one of only two among the Fortune 100.

Munoz took the helm at one of the most challenging points in United’s long history. When he took over United, three of its senior executives had abruptly left as a federal investigation was unfolding over the company’s dealings with New York Port Authority officials. Shortly after beginning his tenure, Munoz suffered a heart attack and was forced to undergo a heart transplant, raising further anxiety about the airline’s future. Remarkably, he was back to work barely a week after emerging from a 12-hour surgery.

But the company’s challenges didn’t stop there. In 2017, a passenger video widely circulated on social media showed a passenger being dragged off an overbooked United Airlines flight by security. Within days, Munoz publicly apologized and announced a comprehensive plan to avoid any such situation in the future. He embarked on what he calls “a contrition tour, all over the world” to take ownership of the mistakes made and restore the company’s reputation.

Over his four-year tenure, Munoz led United out of a period of disarray and decline back to its respected position as one of the world’s premier airlines, with strong operational and financial performance. He introduced a culture of caring at the company, with a genuine commitment to listening to customers and employees.

Stepping down in 2020, he transitioned to a one-year term as Executive Chairman, playing a key role in shaping United’s business and culture during yet another challenging period. He left the company “in much better shape than the day he took the job,” according to CNBC, passing a stronger, more resilient airline to his own chosen successor Scott Kirby.

Brunswick Partner Jayne Rosefield spoke with Munoz about his time as United CEO, the lessons he has learned over his career, and his views on the current challenges for corporate leadership in general. While he values decisiveness and a “proof, not promise” approach to leadership, he also seeks to empower individual employees to make critical decisions in the moment. Above all, he emphasizes the need for listening and sincerity to gain the trust of employees, customers and, ultimately, shareholders.

What is Oscar Munoz's net worth?

The estimated net worth of Oscar Munoz is at least $5.96 million as of November 20th, 2020. Mr. Munoz owns 135,713 shares of United Airlines stock worth more than $5,956,444 as of December 2nd. This net worth evaluation does not reflect any other investments that Mr. Munoz may own. Learn More about Oscar Munoz's net worth.

How do I contact Oscar Munoz?

The corporate mailing address for Mr. Munoz and other United Airlines executives is 233 SOUTH WACKER DRIVE, CHICAGO IL, 60606. United Airlines can also be reached via phone at (872) 825-4000 and via email at [email protected] Learn More on Oscar Munoz's contact information.

Has Oscar Munoz been buying or selling shares of United Airlines?

Oscar Munoz has not been actively trading shares of United Airlines in the last ninety days. Most recently, Oscar Munoz sold 115,227 shares of the business's stock in a transaction on Friday, November 20th. The shares were sold at an average price of $40.24, for a transaction totalling $4,636,734.48. Following the completion of the sale, the chairman now directly owns 135,713 shares of the company's stock, valued at $5,461,091.12. Learn More on Oscar Munoz's trading history.

Who are United Airlines' active insiders?

United Airlines' insider roster includes Torbjorn Enqvist (EVP), Kate Gebo (EVP), Brett Hart (President), Michele Hooper (Director), Linda Jojo (EVP), Chris Kenny (VP), J. Kirby (CEO), Gerald Laderman (CFO), Oscar Munoz (Chairman), Andrew Nocella (EVP), Jonathan Roitman (COO), and Edward Shapiro (Director). Learn More on United Airlines' active insiders.

Are insiders buying or selling shares of United Airlines?

During the last twelve months, United Airlines insiders bought shares 3 times. They purchased a total of 100,000 shares worth more than $3,910,500.00. During the last twelve months, insiders at the transportation company sold shares 4 times. They sold a total of 62,539 shares worth more than $2,621,125.15. The most recent insider tranaction occured on October, 20th when EVP Gregory L Hart sold 30,000 shares worth more than $1,186,200.00. Insiders at United Airlines own 0.4 % of the company. Learn More about insider trades at United Airlines.

Information on this page was last updated on 10/20/2022.

Oscar Munoz Insider Trading History at United Airlines

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/20/2020Sell115,227$40.24$4,636,734.48135,713View SEC Filing Icon  
4/22/2016Buy19,800$50.53$1,000,494.00163,675View SEC Filing Icon  
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Oscar Munoz Buying and Selling Activity at United Airlines

This chart shows Oscar Munoz's buying and selling at United Airlines by year and by quarter.

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United Airlines Company Overview

United Airlines logo
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties. The company was formerly known as United Continental Holdings, Inc. and changed its name to United Airlines Holdings, Inc. in June 2019. United Airlines Holdings, Inc. was incorporated in 1968 and is headquartered in Chicago, Illinois.
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Today's Range

Now: $43.89
Low: $43.63
High: $44.62

50 Day Range

MA: $39.70
Low: $32.53
High: $44.71

2 Week Range

Now: $43.89
Low: $30.54
High: $53.12

Volume

3,897,454 shs

Average Volume

5,478,476 shs

Market Capitalization

$14.34 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.33
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