Social Media video to wipe United Airlines’ total market value
Shocking footage of doctor being dragged from plane to have detrimental effect on company finances
by Abi Moses on 12th April, 2017
A United Airlines’ incident has been videoed and shared online which may have a profound effect on the company. According to reports the travel group’s total market value may decree by a huge $1bn.
As the company is being increasingly backlashed for violently sliding a passenger from a flight, shares in United Continental Holdings are expecting a fall that’s roughly 5 per cent.
According to reports, the incident took place because the plane was overbooked and staff needed to take the passenger in questions seat. Firstly, the airline made an announcement to the plane which followed by a member of staff picking random names from the computer to leave. When the man who was chose refused to leave the plane, he was then videoed being forcibly removed.
Public outrage has been sparked following a video of the happening being shared online. A member of the public on Twitter reacted, “As a manager of a team that takes hundreds of flights a year, I can't put my employees on an airline that condones the use of force.”
If speculations are correct and the United’s shares plummet as expected, it could prompt as much as $1bn off United Airlines’ total market value.
The footage shown a group of security and an air marshal that work for the airline aggressively removing the passenger from his seat. It was unclear what was happening until the film shown the man being dragged through the plane with blood flowing down his chin while shouting, “I want to go home, I want to go home.”
The incident took place on the United flight on 9th April from Chicago to Louisville. It is yet to be unveiled what will happen to the staff members that were involved in the incident. However, United Airlines have commented, “Flight 3411 from Chicago to Louisville was overbooked. After our team looked for volunteers, one customer refused to leave the aircraft voluntarily and law enforcement was asked to come to the gate, we apologize for the overbook situation.”
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