FAA lifts operational hold on United Airlines - report
Seeking Alpha 16/05/2024 21:49

The U.S. Federal Aviation Administration has lifted its operational freeze on United Airlines (NASDAQ:UAL) allowing the carrier to add new routes that had been suspended during regulatory review.

“After a careful review and discussion about the proactive safety steps United has taken to date, the FAA will allow the airline to resume certification activities including adding new aircraft and new routes,” the carrier said in a message to employees seen by Bloomberg.

The FAA initiated a review of the airline after a series of non-fatal incidents involving Boeing (BA) aircraft, including an engine fire in Florida, cracked windshield while in route to London, a plane skidding off the runway in Houston, and a lost tire in San Francisco.

In addition, an individual entering the cockpit of a flight in progress also triggered an FAA investigation. The series of events and optics of regulatory oversight prompted the carrier to postpone its May Investor Day conference.

Airline stocks are mostly lower with United (UAL) down 0.3%.


The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

Stay informed with updates through our Telegram and WhatsApp channels

Access the latest financial market news
Get expert insights

Scan QR to join