BOSTON, MA – Hostile hedge funds, PAR Capital Management, Inc. and Altimeter Capital Management, Inc. are distracting from new leadership efforts to improve United Airlines by seeking to wrestle control of the UAL Board. Flight Attendants, other employees, passengers and economists recognize this move is about short-term gain in share price, not long-term success for United Airlines.
“These investors are creating a distraction at just the wrong time if their interest is truly in turning around United and building an airline that will again lead the industry with performance, profits, share price and most importantly, engaged employees who take pride in the place where they work,” said Andrew Fahy, United AFA Boston Local President. “Oscar Munoz has stated his top priority is completing contract negotiations for Flight Attendants and making United, united. These hostile hedge funds need to let him do his job so we can do our job with passengers and all of us can access the full benefits of a completed merger.”
United Airlines will celebrate its 90th anniversary on Wednesday. To mark this historic occasion, the United Flight Attendants will picket with pilots and other employees at the headquarters of PAR and Altimeter near the historic North End of Boston, Massachusetts.
WHO: United Flight Attendants
WHAT: Picket at PAR Capital Management and Altimeter Capital
WHEN: Wednesday, April 6, 2016, at 11 am
WHERE: One International Place
100 Oliver St, Boston, MA 02110