United Airlines’ shares fall after US FAA’s increases oversight

Mar25,2024



shares of United Airlines The stock fell nearly 5% in premarket trading on Monday after the US Federal Aviation Administration (FAA) proceed to increase it Supervision of the carrier following a series of recent security incidents.
Last week, the FAA said it would launch a formal assessment to ensure Chicago based airline Was complying with safety rules.
The airline has experienced several security incidents over the past two weeks.
On March 15, an exterior panel was found missing when a United plane landed in Oregon, prompting an FAA investigation.
Prior to that incident, a Boeing 737 Max operated by United Airlines had rolled onto the grass in Houston. A United-operated Boeing 777-200 bound for Japan also suffered a tire failure after takeoff from San Francisco and was diverted to Los Angeles, where it landed safely.
Earlier this month, United also said that its Boeing deliveries “are going to be well behind this year,” adding that “it is impossible to say when the MAX 10 will be certified.”



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