Two United investors report activist stakes

Altimeter Capital, a hedge fund that previously expressed concerns about United Continental Holdings, formally reported an activist position in the airline. Altimeter said it is working with fellow United shareholder PAR Investment Partners. The two firms reported a combined 5.5% stake in the airline and said they had held talks with the company over its direction. United’s Jan 6 announcement that CE Oscar Munoz underwent a heart-transplant operation raised questions about how and when the airline disclosed information about his health status since his heart attack in October. Altimeter and PAR will continue to hold discussions with United’s management and board members, and other stockholders, over topics including board composition, enhancing shareholder value and strategic alternatives. <br/>