Asian Doctor dragged off Flight: United Airlines Loses USD 800 Million
The news that United Airlines, early this week, dragged out one of its air passenger from plane after knowing that he’s an Asian has caught everyone’s attention and we all know how that video went viral.
Although, the United CEO Oscar Munoz offered apology and called for an internal review of the matter, sure he couldn’t have imagined the aftermath of that shameful act. One bad and outraged decision by United Airlines has affected its shares by a huge margin. It’s the key factor to decline company’s capital value from 22.5 USD billion to 21.70USD billion in a matter of few hours.
Speaking in terms of loss, the international airlines has reportedly faced a loss of 830 USD Million and stock is still continuing to plunge. This is said to be one of biggest backlash for United Airlines, that was trading well at 70.15 USD in New York Stock Exchange in the name of United Continental Holdings Inc.
If it’s to be reported in terms of Indian currency, United Airlines just experienced a loss above 4846 Crore INR.