NEW YORK (TheStreet) -- United Continental's (UAL) - Get ReportCEO Oscar Munoz said on Wednesday that the Chicago-based air carrier is poised to regain momentum following its 2010 merger with U.S. Airways, according to an interview with the Wall Street Journal.
Munoz said that United has a new team, processes and strategies. "There are no more holes in my management team," Munoz told the Journal.
On Monday, the company hired former American Airlines (AAL) president Scott Kirby as president in a move that Munoz calls "opportunistic."
Credit Suisse said in a note earlier this week that the acquisition was an "overwhelming positive" for the company and should "improve bench strength."
With a new management team in place, Munoz noted that the company will no longer be considered an "unsolvable puzzle" and will begin staging a recovery, the Journal reports.
Shares of United Continental were down in mid-afternoon trade on Wednesday.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
You can view the full analysis from the report here: UAL