United CEO will no longer be chairman next year

Richard Drew / AP

United Continental Airlines announced in a regulatory filing Friday that CEO Oscar Munoz will not become chairman of the company next year — as previously planned. United said Munoz initiated the change.

Why this matters: This signals a major structural change within the company following the viral incident in which a passenger was forcibly removed from one of its planes. It could also signal that more changes are in store for the airline as they try to repair their reputation.