United Airlines Slips 9% On 2023 Growth Plan Curbs

Shares of United Airlines Holdings, Inc. (UAL) are down 9 percent on Thursday's trading. The stock has been heading south since Wednesday. The stock is impacted by news of the airlines announcing that it would expand flying 8 percent or less next year over 2019. An earlier forecast had put that growth plan at closer to 20 percent.

The company also posted second-quarter earnings of $1.00 per share, which was below analysts estimates of $1.94 per share for the three-month period.

Currently at $38.13, the stock has traded between $30.54 and $54.52 during the past 52 weeks.

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