Investigation announced for Investors who hold shares of United Airlines Holdings, Inc. (NASDAQ: UAL) over potential Wrongdoing

An investigation was announced for investors in shares of United Airlines Holdings, Inc. (NASDAQ: UAL) over potential breaches of fiduciary duties by certain officers and directors at United Airlines Holdings, Inc.

Investors who purchased shares of United Airlines Holdings, Inc. (NASDAQ: UAL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain United Airlines Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

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 $42.76 per share on April 05, 2024.

Those who purchased shares of United Airlines Holdings, Inc. (NASDAQ: UAL), have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.