Key Takeaways
- United Airlines is being investigated by the Federal Aviation Administration (FAA) following a series of safety-related incidents.
- Officials note the probe could delay future United projects.
- United told employees it was also concerned about recent safety issues and welcomes the FAA oversight.
- United shares were down 4.4% in late-morning trading Monday.
Shares of United Airlines Holdings (UAL) headed lower Monday after the Federal Aviation Administration (FAA) said that it is “increasing oversight” of the carrier, which could impact some of its future operations.
In a statement to Investopedia, the FAA explained that the move was to ensure that the airline was “complying with safety regulations; identifying hazards and mitigating risk; and effectively managing safety.”
The announcement came following a series of recent incidents, including one earlier this month when a wheel came off a United flight from San Francisco to Osaka, Japan, causing it to be…