We put the "Hospital" in "Hospitality"!
Posted on 04/11/2017 10:35:28 AM PDT by Morgana
FULL TITLE: United Airlines' stock price falls 2.46% in trading on Wall Street wiping $550MILLION off the company's value after violent eviction of passenger
Investors on Wall Street appear to be ready to jump ship from United Airlines in the wake of the public relations debacle triggered by the forced removal of a passenger on Sunday.
Shares of United Continental Holdings Inc. fell over 3 per cent in early trading on Wall Street, wiping $800million off the company's value.
Just after noon local New York time, the stock recovered somewhat but was still hovering at a loss of 2.46 per cent - resulting in a devaluation of slightly over $550million.
In premarket trading on Tuesday, the share price dropped by 2.4 per cent, according to MarketWatch.
Investors currently peg United's market capitalization at $22.5billion.
The 2.4 per cent drop is an improvement over the 6-per cent drop in share price that had been reported in premarket trading hours earlier.
(Excerpt) Read more at dailymail.co.uk ...
Because people are sick of being treated like cattle at best and criminals at worst for stepping foot in an airport. No other industry can treat a paying customer like this and get away with it.
the reason it made more news is it wasn’t Chicago LEOS who dragged the unconscious guy off the plane (scruffy looking fellows)
“The officers who were involved work for the Aviation Department, which is not affiliated with the Chicago Police Department””
http://www.businessinsider.com/police-officer-placed-leave-dragging-united-passenger-plane-2017-4
Didn’t Warren Buffett recently take all his money out of Walmart saying that retail is dead and put it in airlines? I’d like to see how he is reacting right now.
The first story is that it was overbooked!! It says 4 people were ask to volunteer to leave. When 4 did not volunteer then those were chosen by computer.
This man said he could not because he was a doctor and he had patients to see on Monday. One call could have confirmed this and the computer should have “chosen” someone else.
I’m agreeing with other FReepers United ought not “overbook” flights. If they are going to do this then they better produce another aircraft and quick even if its a Cessna for those 4 people that were “overbooked”.
Yes I’ve been following this story from the beginning, just did not post it until now.
It shouldn’t be random, it should be based on time checked-in. The last people to check-in should be the ones to be removed.
It would provide incentive for people to check-in earlier.
1968 was a long time ago.
Actually I think it was. But when he became belligerent and acting like a BLM protester, I think UAL became more firm in their insistence. That's my opinion.
By the way, I don't own airline stock, and I travel frequently myself and am frustrated about what air travel entails.
But I disapprove of this type of entitlement mentality and childish behavior.
I can absolutely understand being upset, I can understand throwing a fit, but stand up, retrieve your carry on, deboard the plane and do so at the ground crew and let the other hundred people get to work and get home. Because no one on that plane will do anything to help your situation, it's the people in the terminal who get to clean up the mess.
Considering the passenger's record, however, if I ran an airline, I'd be quietly inserting this guy's name into the banned passenger list. Think of the fit he could throw if he got stuck on the runway for 3 hours waiting to take off and they returned to the gate...
We can thank TSA for the worsening of that attitude.
Face it. United solved their overbooking problems for at least 6 months - brilliant!
“Hey, you take your chances when the airline says ‘Either 4 people take the $800 voucher + hotel, or we’ll just randomly pick 4 people off this flight’”
Did that also include another plane ticket is what I’m wondering? Or do those people lose the plane ticket they paid for?
So......
Lets say it was Sarah Palin on the plane (strictly hypothetical). And she was coming to speak at the 2016 Republican Convention (still hypothetical). And she was randomly selected to be removed. And refused. After all, she had a commitment. And got beat up and forced off the plane.
You sticking by your story?
Well said.
Yes, but that's the whole TSA/Airline industry. More TSA. This is a easy time to bash United, but it appears that this guy was acting LOCO. If you act like BLM, then I lose my sympathy. I'm sure that he was offered an okay alternative. If he had work then next morning, I'm sure something could have been done. He just didn't want to leave the plane and acted, again, like BLM.
If nobody cares it was overbooked or not - why is it mentioned repeatedly on this thread?
There are different rules for overbooking versus crew travel.
“I don’t see why people so reflexively blame United. This guy clearly is no saint.”
Agree.
I wouldn't.
With employees this stupid it is only a matter of time before they manage to blow up the airplane because they decided that jet fuel and rocket propellant are the same thing.
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