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United shares on pace for best day in 2 years after executive change

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Shares of United Continental surged Tuesday after a late Monday announcement that former American Airlines president Scott Kirby would become president. Kirby made the switch on the same day.

United shares briefly hit its highest since April, gaining more than 8 percent on the day. The airline was on pace for its best day since July 10, 2014, when it gained 12.73 percent.

Earlier this month, United named Andrew Levy its chief financial officer. The position was vacant for more than a year.