OSCAR MUNOZ

In 2019, Sol Trujillo founded L’Attitude Ventures, a venture capital (VC) firm that exclusively invests in Latino-owned businesses.

________________________ON AGAIN, OFF AGAIN: Ford temporarily halted production at two assembly plants Tuesday and Wednesday after three workers tested positive for the novel coronavirus. On Wednesday a worker at the pickup truck plant in Dearborn, Michigan, tested positive for COVID-19, Ford confirmed. On Tuesday, Ford temporarily closed its Chicago SUV factory twice after two workers tested positive. Lear confirmed that production was suspended after an employee told the company of a positive COVID-19 test. The UFCW, which represents 900,000 grocery workers, said the number of infections is likely far higher across the industry.

Frontier Airlines planes stand at gates on the A Concourse at Denver International Airport in Denver. "I have never seen anything like this in the industry or industry in general," Franke said in an interview. Airlines like Frontier have raced to cut costs, slashing service by more than 60% and parking hundreds of planes. Revenue plungeFranke's nearly three-decade career in airlines started when he was tapped to bring America West out of bankruptcy in the early 1990s. Two executives whom Franke hired at America West are navigating the same coronavirus crisis as top leaders at large network carriers American and United.

FILE PHOTO: A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020. Like other U.S. airlines, travel demand for Chicago-based United has cratered as most U.S. states have ordered residents to stay at home in order to contain spread of the coronavirus. The historically severe economic impact of this crisis means even when travel demand starts to inch back, it likely will not bounce back quickly, they said. Uniteds efforts to further cut payroll costs are similar to moves by peers Delta Air Lines Inc (DAL.N) and American Airlines Group Inc (AAL.O). United is among airlines eyeing a separate $25 billion federal loan package for U.S. passenger carriers given expected favorable terms, Reuters reported on Wednesday.

The coronavirus aid bill provides $25 billion in grants to U.S. passenger airlines, granted they do not furlough or cut the pay of their workers through Sept. 30. United is seeking to cut its costs by asking employees to take unpaid leave, while some staff is working a reduced schedule. Airlines including United, are seeking to exhaust voluntary leaves, including early retirement plans, before turning to furloughs or layoffs. U.S. airlines, which employ some 750,000 people, have been among the businesses hardest hit by the coronavirus. Airlines have slashed flights, parked hundreds of jets and asked thousands of employees to take unpaid leave, while they tap credit lines to shore up cash.

U.S. airlines on Saturday warned they will have to furlough workers unless Congress approves a $58 billion aid package that includes grants, not only loans, as the industry reels from the impact of coronavirus. Senate Republicans last week proposed legislation that included a $58 billion in aid for passenger and cargo carriers, but in the form of loans airlines would later have to repay. "Time is running out," wrote the CEOs of Southwest, Delta, Alaska, American, United, JetBlue, Hawaiian, UPS Airlines and FedEx, and their lobbying group, Airlines for America, to congressional leaders. "Unless worker payroll protection grants are passed immediately, many of us will be forced to take draconian measures such as furloughs." Minneapolis-based Compass Airlines, a regional carrier with 1,300 employees, said last week that it plans to shut down after its clients, Delta and American, reduced flights.

United Airlines on Friday warned it could cut jobs if the U.S. government doesn't provide aid by the end of the month to the industry, which is struggling with the devastating impact of coronavirus on travel demand. United and its competitors have raced to slash flights, freeze hiring and ask employees to take unpaid leaves, but executives have warned it's still not enough. In the letter, executives warned the schedule in May could be further cut. U.S. airlines are seeking $58 billion in aid, according to Airlines for America, a lobbying group that represents United, Delta, American, Alaska, JetBlue and others. That proposal includes $25 billion in direct grants and another $25 billion in loans for passenger carriers.

U.S. airlines are grappling with the once unthinkable scenario of halting all commercial domestic air travel as concerns about the spread of the coronavirus hurt demand for flights. "We took early, aggressive action because we have been determined to do everything possible to avoid painful steps that affect your paycheck," the United executives wrote. Southwest Airlines on Monday said it would cut capacity by 20% and that it would freeze hiring offer voluntary unpaid leave to all employees. British Airways and Iberia parent International Airlines Group said they will cut capacity by at least 75% from 2019 levels in April and May. Austrian Airlines said Monday it will suspend its entire regular schedule by Wednesday because of entry bans and the spread of coronavirus.

United Airlines Holdings booked $1.5 billion less revenue in March than the same time last year and warned employees that planes could be flying nearly empty into the summer, even after drastic flight capacity cuts. "This crisis is moving really quickly," United Chief Executive Oscar Munoz and President Scott Kirby said in a memo to employees on Sunday. United is cutting corporate officers' salaries by 50% and reducing flight capacity by about 50% in April and May, with deep capacity cuts also expected into the summer travel period. "Even with those cuts, we're expecting load factors to drop into the 20-30% range and that's if things don't get worse," the executives said. United, American Airlines Group and Delta Air Lines the three largest U.S. airlines confirmed Friday they are in talks with the U.S. government about potential assistance amid a dramatic drop-off in air travel demand due to the coronavirus outbreak.

(Reuters) - United Airlines Holdings booked $1.5 billion less revenue in March than the same time last year and warned employees that planes could be flying nearly empty into the summer, even after drastic flight capacity cuts. FILE PHOTO: Airplanes of German airline Lufthansa and U.S. carrier United Airlines land and take off at Frankfurt Airport, Germany March 2, 2020. REUTERS/Kai PfaffenbachThis crisis is moving really quickly, United Chief Executive Oscar Munoz and President Scott Kirby said in a memo to employees on Sunday. United is cutting corporate officers salaries by 50% and reducing flight capacity by about 50% in April and May, with deep capacity cuts also expected into the summer travel period. American, which previously operated 37 flights a day to Europe from the United States, will within about a week fly just two flights a day to Europe one flight a day to London from Miami and Dallas.

We are in discussions with the White House and Congress regarding the support they can provide to help us through this period, Bastian said in a memo released by the airline, adding he was forgoing his salary this year. Airlines and their trade association met with senior White House aides on Thursday to discuss the mounting crisis, three people briefed on the matter said. Delta, United and American have all raised capital in recent weeks, with United tapping $2 billion. U.S. Treasury Secretary Steven Mnuchin speaks to reporters about coronavirus and its effect on the economy at the White House in Washington, U.S., March 13, 2020. REUTERS/Kevin LamarqueThe International Air Transport Association on Friday warned that air carriers could collapse if the coronavirus crisis lasted another two or three months.

U.S. airline CEOs and the industry trade group are scheduled to meet with Vice President Mike Pence in Washington D.C. on Wednesday, as the coronavirus roils the business. Airline stocks have tumbled to multiyear lows and have become a standout in the market rout. Carriers including Delta, American and United have suspended China routes and have made cuts on other international routes. Airlines have bristled at efforts by officials to get passenger data to track potential travelers who have been infected with the virus. Not all passenger reservations contain contact data for travelers, noted Airlines for America, a trade group that represents major U.S. carriers including United, American and Delta.

Alphabet CEO, Larry Page. In November, 148 chief executives left their posts, according to business and executive coaching firm Challenger, Gray & Christmas. Only five more CEOs need to depart for 2019 to be the highest year on record, and we already know of a few CEOs out in December. Through November, 1,480 chief executives left their companies in 2019, which is the highest number on record in the first 11 months of a year. The highest total year on record was in 2008 when 1,484 CEOs departed when the economy was embroiled in the financial crisis.

United Airlines' next CEO helped orchestrate a stunning turnaround of the one-time industry laggard. The company's shares are up 87% since Kirby became president of United. "This aggressiveness will only infiltrate UAL's ranks at a more rapid pace with him as CEO, for better or for worse. "He's always been the details guy operating in the background," said Seth Kaplan, an airline analyst. If they do sign off, the start of Kirby's role as CEO could include the reintroduction of the planes to the public.

United Airlines announced Thursday that CEO Oscar Munoz will turn over day-to-day management of the airline next spring to President Scott Kirby, who will become company's chief executive officer. The change happens in May, when Munoz becomes executive chairman, succeeding Jane Garvey, 75, who is retiring from the board. GP: Oscar Munoz, chief executive officer of United Continental Holdings Inc., speaks during a Bloomberg Television interview in Chicago, Illinois, U.S., on Wednesday, April 24, 2019. In a videotaped message sent to United employees announcing the leadership change, Kirby thanked Munoz for hiring him in 2016. Within a month of becoming CEO, Munoz suffered a heart attack that forced him to take a medical leave.

The "Mad Money" host says it's time for investors to trim their holdings of marijuana stocks. It's the latest sign that companies must "invent ... disrupt ... or die," the "Mad Money" host said. No recession turbulence in sight, according to United AirlinesOscar Munoz, CEO of United Airlines Adam Jeffery | CNBCFears of the U.S. economy falling into a recession are significantly misguided, CEO Oscar Munoz told Cramer. Amid growing support to end prohibition in the United States, the "Mad Money" host said he may have been wrong in calling the weed business an "incredible opportunity." Advanced Micro Devices: Excitement around the data center marketLisa Su, CEO, AMD Scott Mlyn | CNBCAdvanced Micro Devices CEO Lisa Su told Cramer she expects there to be "secular growth in computing demands" in high-performance computing.

The crashes prompted a worldwide grounding of the 737 Max, Boeing's bestseller. The near brand-new 737 Max went down shortly after takeoff, killing all 157 on board. Another new 737 Max, operated by Ethiopian Airlines, crashed at a similar stage in flight in March. Boeing and airlines have said that pilots will be a key part of ensuring passengers are comfortable flying on the 737 Max. A review by international air safety regulators, commissioned by the FAA found that more certification work for the 737 Max was outsourced to Boeing than originally planned.

Source: United AirlinesWhen Oscar Munoz took over the helm of United Airlines in 2015, few on Wall Street believed his multiyear expansion strategy would fly. At United Airlines' Flight Plan 2020 event in Chicago on Friday, the carrier is announcing its latest bold moves to keep its growth strategy on course. Although the airline started introducing healthier options this year, with gluten-free alternatives, the carrier is now focusing heavily on plant-based options, said United Airlines' Executive Chef Gerry Gulli. Turkish Airlines, Air New Zealand, Emirates and Aegean also offer plant-based options. United Airlines

United Airlines is encouraging staff to hold planes for connecting passengers, even if it means the flights depart a few minutes later than scheduled. On-time departure scores "be damned," CEO Oscar Munoz said at CNBC's Evolve summit in Chicago on Tuesday. In February, United started testing a new program called ConnectionSaver, which sifts through flights for passengers with tight connections, factoring in the time it takes for late arriving connecting passengers to make to the next gate. United expanded the program in June throughout its network ahead of the busy summer travel season, when it estimated 150,000 passengers a day would need to make a connecting flight. Connecting passengers who opt-in for the program receive text messages with directions through the airport.

United Airlines is looking into ways to better warn travelers of bad weather, CEO Oscar Munoz told CNBC on Tuesday. Munoz told "Squawk Box" he was recently diverted to Grand Rapids, Michigan, while en route to Chicago. He said he took the moment to stand up to speak to United customers and explain the situation. "Toward the back there are a high percentage of people that don't fly very often. We have to make sure people who don't fly often are communicated to in a way that's practical, reasonable and logical."

Watch CNBC's full interview with United Airlines CEO Oscar Munoz1 Hour AgoOscar Munoz, CEO of United Airlines, joins CNBC's Becky Quick at the Evolve Summit in Chicago.

Airline's upgraded business-class service shows why "sleep is the new black" for long-distance fliers