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United Airlines (NYSE:UAL) is in the news this morning, and shares of UAL stock are down about 5%. This comes after the Federal Aviation Administration (FAA) announced that it would increase its oversight of the airlines following a string of safety issues this year.
Over the last month, there were six adverse episodes involving United’s planes.
More About the FAA’s Crackdown on United
The FAA reported that it was looking to ensure that the airline is following “safety regulations,” as well as “identifying hazards and mitigating risk” and “effectively managing safety.”
The agency noted that United’s “future projects may be delayed,” while the FAA will launch an overall assessment of the airlines.
The FAA may stop United from implementing new routes and prevent it from placing consumers on aircraft that it obtained recently. The agency has…