The Federal Aviation Administration (FAA) is considering temporary actions against United Airlines following a series of safety incidents, described as "Drastic Measures". This comes after United Airlines sent a letter to its employees on Friday discussing potential FAA actions, but the FAA's considerations seem to go beyond those measures. The FAA has already suspended United Airlines' ability to approve and promote pilots for different aircraft models. Additionally, United Airlines' shares fell approximately 5% in premarket trade following the FAA's decision to increase oversight. This heightened scrutiny comes in the wake of United Airlines experiencing its 10th safety flub in just two weeks, leading to a $600 million loss in market cap. Criticism has also been directed at United Airlines' CEO Scott for poor management and safety precautions. Rep. Dan Crenshaw criticized Scott's management and mentioned United's practical monopoly from Houston Intercontinental. The ongoing issues have sparked a broader investigation into the airline industry and its safety practices.
Both companies are receiving close scrutiny from the Federal Aviation Administration. Depending on how those separate reviews proceed, one air travel expert said, operations at San Francisco International Airport and others could be impacted. https://t.co/X8NcgnsDPW
United Airlines loses $600 million in market cap on news that FAA is opening a probe after airline’s 10th safety flub in just two weeks. https://t.co/Ju5NQqIjdg
2News is investigating the ongoing issues in the airline industry and what steps are being taken to address them. @ArielleHarrison https://t.co/qUZ1u7rpiA
Both companies are receiving close scrutiny from the Federal Aviation Administration. Depending on how those separate reviews proceed, one air travel expert said, operations at San Francisco International Airport and others could be impacted. https://t.co/82zSVDQpoX
The FAA is taking a close look at United's operations as the airline's been experiencing a series of flight problems. Is that an opportunity for rivals like Alaska? https://t.co/FomAaXOEhs
United Airlines loses $600 million in market cap on news that FAA is opening a probe after airline’s 10th safety flub in just two weeks. https://t.co/WNw1gAViCJ
UA CEO Scott’s bad management, poor safety precautions, and unapologetic mistreatment of passengers is hurting United Airlines. I wish I had another option to fly to and from Washington, DC, but UA practically has a monopoly from Houston Intercontinental. That needs to change.
United Airlines’ Problems May Be Bigger Than Boeing’s. The Stock Is Falling. https://t.co/OCisIxzbVM
United Airlines shares fall after US FAA increases oversight https://t.co/wVsvbB9e3y https://t.co/4G75eCLeuH
⚠️ UNITED AIRLINES' SHARES FALL AFTER US FAA'S INCREASES OVERSIGHT Full Story → https://t.co/QF2wXY2j7c Shares of United Airlines fell about 5% in premarket trade on Monday after the U.S. Federal Aviation Administration's (FAA) move to increase its oversight of the carrier… https://t.co/h9VOWKoOto
Federal Aviation Administration (FAA) already is suspending United Airline’s $UAL ability to approve and promote pilots to fly different aircraft models... (BBG) $BA
FAA Considering Unprecedented "Drastic Measures" For United Airlines After Flurry Of Safety Incidents https://t.co/KpWD8lT3Kl
The FAA is weighing possible temporary action against United Airlines beyond what was described in a letter the company sent to employees Friday, two sources familiar tell CBS News. https://t.co/BT9167UUTT https://t.co/Sl4slWFkKX
The Federal Aviation Administration is weighing possible temporary action against United Airlines beyond what was described in a letter the company sent to employees Friday, two sources familiar tell CBS News. https://t.co/xtr3aA74hp