United Airlines, We put the "Hospital" in "Hospitality"!
On Wed, 12 Apr 2017 15:15:00 +1000, Sylvia Else
On 12/04/2017 3:08 PM, First-Post wrote:
I haven't done the math myself but I've read articles that say so far
United has lost around $700 million thanks to this fiasco that was
effectively caused by their desire to make every single seat on every
flight profitable. Their stock has fallen like a rock.
The market can penalize screw ups worse than any court.
The $700 is a reduction in market capitalisation, not a loss made by the
company. The stock will bounce back.
Yes but in the eyes of the stock holders it is a big loss to them. And
if it doesn't rebound fast enough and high enough, the CEO may very
well see the end of his tenure.