United Airlines parent UAL Corp. said Wednesday that it will consolidate its airport operations and cargo divisions into one unit.
Shares rose on the news, climbing 98 cents, or 2.8 percent to $37.07 by early afternoon trading on the Nasdaq Stock Market.
The nation's No. 2 carrier said the move will "further streamline United's operations, drive efficiencies and produce additional cost savings."
Scott Dolan, who previously led United's cargo operations worldwide, will head the new unit and report directly to Executive Vice President and Chief Operating Officer Pete McDonald.
As part of the consolidation, the company will eliminate the position of senior vice president of airport operations, which is currently held by Larry De Shon.
United also named Alex Marren vice president of operational services, which includes systems operations control, dispatch, and operations analysis, as well as operational responsibility for the airline's regional service United Express and its low-cost service Ted. Marren had been vice president of airport operations for the Eastern region.
In addition, the company said it has launched a search for a senior vice president of human resources to lead the previously announced restructuring of that segment. Sara Fields, who currently holds that post, will focus on governance, executive leadership, development and succession planning.
Elk Grove Village, Ill.-based United emerged from bankruptcy in February after filing for Chapter 11 protection in December 2002.
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