Shares in United Continental Holdings Inc. fell nearly 3.7% in morning trading on Tuesday, wiping about $830 million off its market capitalization after a disturbing video showing a bloodied United passenger who was dragged off a flight made headlines around the world on Monday.
United Airlines stock is being re-accomodated. $UAL pic.twitter.com/Zvr6a0R5vy
— Anthony De Rosa 🗽 (@Anthony) April 11, 2017
Let me introduce you to a re-accommodated stock price. #United pic.twitter.com/08inN6aXDs
— Rob Carlmark (@rcarlmark) April 11, 2017
United stock this morning. pic.twitter.com/Sf8Ad8al8A
— Gabe Ortíz (@TUSK81) April 11, 2017
In a note to employees on Monday, United’s CEO Oscar Munoz stood by the decision to ‘re-accommodate’ the passenger who refused to give up his seat on the overbooked flight so that a United employee could fly to the next destination. He wrote, “as you will read, this situation was unfortunately compounded when one of the passengers we politely asked to deplane refused and it became necessary to contact Chicago Aviation Security Officers to help. While I deeply regret this situation arose, I also emphatically stand behind all of you, and I want to commend you for continuing to go above and beyond to ensure we fly right.”
Passenger Audra Bridges, who uploaded a video of the incident to Facebook, told The Courier-Journal:
Then, she said, a manager came aboard the plane and said a computer would select four people to be taken off the flight. One couple was selected first and left the airplane, she said, before the man in the video was confronted.
In the video, the man can be seen nonviolently insisting that he needs to stay on the plane to go to work before being forcibly dragged out and bloodied.
#flythefriendlyskies @united no words. This poor man!! pic.twitter.com/rn0rbeckwT
— Kaylyn Davis (@kaylyn_davis) April 10, 2017
#flythefriendlyskies my husband was on that flight. Screw you United!! @united pic.twitter.com/4EcxrMy5jZ
— Kaylyn Davis (@kaylyn_davis) April 10, 2017
#flythefriendlyskies @united my husband had to deboard because of the blood pic.twitter.com/AMywCaPlnC
— Kaylyn Davis (@kaylyn_davis) April 10, 2017
Show Comments