NEW YORK, April 05, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against United Airlines Holdings (NASDAQ:UAL), Inc. (United or the Company) (NASDAQ: UAL) on behalf of United stockholders. Our investigation concerns whether United has violated the federal securities laws and/or engaged in other unlawful business practices.
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Chicago, IL based United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. United Airlines Holdings, Inc is the second largest airline in the world.
Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) reached as high as $58.23 per share in July 2023.
United Airlines Holdings, Inc. reported that its annual Total Revenue rose from over $44.95 billion in 2022 to over $53.71 billion in 2023, and that its annual Net Income increased from $737 million in 2022 to over $2.61 billion in 2023.
On March 21, 2024 it was reported that two Taxes lawmakers sent a letter to Transportation Secretary Pete Buttigieg that pointed to six incidents on United Airlines flights over the past few weeks, accusing United Airlines of a culture of mismanagement and lack of emphasis on aviation safety.
Then on March 23, 2024, Bloomberg reported that the Federal Aviation Administration is considering drastic measures to slow growth at United Airlines after a series of safety incidents involving United Airline, including a piece of the outer fuselage falling off one jet, an engine fire, and a plane losing a tire during takeoff at a United flight from San Francisco to Osaka, Japan.
United's vice president of corporate safety said the Federal Aviation Administration will examine multiple areas of [United Airlines] operation to ensure safety compliance and advised employees to expect an increased FAA presence over all their operations.
Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) declined from $48 per share on March 28, 2024, to $44.37 per share on April 03, 2024.
If you purchased or otherwise acquired United shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com