United Airlines (NASDAQ:UAL) fell 0.22% on Monday, ahead of its first-quarter results on April 16th, with investors looking to see if impacts from FAA investigations, Boeing MAX grounding are spilling into the current quarter.
Recently, United called off its May Investor Day conference amid a Federal Aviation Administration (FAA) investigation into a series of non-fatal incidents that included a plane going off the runway in Houston, a lost tire over San Francisco, an engine fire in Florida, and a cracked windshield in route to London.
A March Bloomberg report also indicated that the aviation authority was pondering steps to halt the expansion of United Airlines, such as limiting the carrier from adding more routes after several safety mishaps.
The FAA scrutiny comes amid heightened concerns about commercial aviation safety stemming from a January incident involving a Boeing (BA) 737 Max plane being flowing by Alaska Airlines (