United's Stock Price- Another Tilton Failure
When United exited Bankruptcy, its stock price was $40.83 a share.
On August 8th, its stock price was $11.13 a share.
That’s a loss of 73% to shareholders. Over the same period, Continental’s share price declined 11% and Southwest’s share price dropped a mere 3%.
Instead of holding himself accountable, Glenn Tilton continues to blame external factors while creating additional wealth for himself.
It’s time for Glenn Tilton to go.
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Another financial failure of the Tilton regime is the lack of fuel hedges. One would think that having spent 20 plus years in the oil industry Tilton would have had a leg up on the other CEO's. But he has always been to interested in mergers and enriching himself then running a profitable and successful airline.