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United Airlines' shares fall after US FAA's increases oversight

IndiaTimes Monday, 25 March 2024
In premarket trading on Monday, shares of United Airlines dropped by approximately 5% following the announcement by the US Federal Aviation Administration (FAA) to heighten its oversight of the carrier in response to a series of recent safety incidents. Last week, the FAA disclosed its intention to launch a formal evaluation to verify compliance with safety regulations by the Chicago-based airline.
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