United CEO: No One Will Be Fired Over Forced Removal of Passenger
United has been pummeled on social media — #BoycottUnited is a popular hashtag — and late-night television. Through Tuesday, its shares have fallen 4.4 percent since Flight 3411, wiping out nearly $1 billion in market value, although some other airline stocks also declined in the same period.
After the market closed Monday, United reported a $96 million first-quarter profit, down 69 percent from a year earlier largely because of higher costs for fuel, labor and maintenance. The revenue picture was looking better — evidence was growing that after two years of falling average fares, United will be able to push prices higher this year.
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