damn, they said United Airline stocks took a serious hit for the past 24 hrs and I'm sure it's beyond apologies right now and they're doing damage control at the moment....OUCH!
The cost of dragging a passenger off an overbooked flight is adding up for United Continental Holdings amid a nearly 3% selloff Tuesday that has wiped nearly $600 million off of the airline's market value.
United, which is engulfed in a public relations firestorm following Sunday's on-flight confrontation with a passenger who was pulled off an overbooked flight in Chicago, is experiencing a major loss in altitude in its stock price Tuesday. Around 12:30 ET, United (UAL) shares were down $1.87 or 2.6%, to $69.65 per share, but well off their lows for the day. The current stock decline adds up to an estimated $588 million loss in market value, according to USA TODAY research.
