Quote:
Originally Posted by killer_carlson
huge drop today for United Airlines stock. Down 3.65%. Not sure if it will rally or not.
That translates to a 1.082 Billion Dollar drop of their market cap from before the incident.
Who'd have thought that investigations from the Department of Transport in both Canada and the US would be bad for business?
I guess the whole market must not understand the airline business. 
Update: From when I started typing this post to now, it's down 3.76%. Based on my math each 1% drop is about a $230 million dollar drop. So a 0.1 drop is a 23 million dollar hit. |
well, you know, dragging one passenger off so 100 can fly out the next morning is simple airline math.
oops.
So it seems breaking humans costs ~6 times as much as breaking a guitar. United better hope there isn't a dead puppy in a cargo hold somewhere....