United Shares Slide as PR Nightmare Catches up With Investors
Shares of United Continental fell by more than 4 percent Tuesday as outrage over Dr. David Dao of Kentucky being dragged off an overbooked flight finally caught up to the stock. The shares were the worst performer in the S&P 500.
Videos of the incident went viral on social media and prompted CEO Oscar Munoz to apologize for having to “re-accommodate” customers after a two-hour delay. The confrontation happened on a United Express flight operated by Republic Airways.
