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NEW YORK (TheStreet) -- Shares of United Continental (UAL) - Get Free Report were gaining in after-hours trading on Monday as the air carrier announced that Scott Kirby has been named president effective immediately.

"In this newly created role, Kirby will assume responsibility for United's operations, marketing, sales, alliances, network planning and revenue management," the company said in a statement.

Kirby joins United from American Airlines (AAL), where he was the president since the merger of the airline and U.S. Airways in 2013.

He will report to United CEO Oscar Munoz.

Shares of American Airlines were edging lower in after-hours trading on Monday.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on United stock.

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. 

Recently, 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.

You can view the full analysis from the report here: UAL

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