United Airline event lost 830mil market cap overnight

babyme

The event that United workers removed a 69 years old MD off the plane caused a NEGATIVE feeling from social media.  Definitely a lawsuit from the Chinese doctor will win and judgement may not be a minor one.

Hopefully that will teach United to rethink their overbook and bump policy.
Most people will be willing to take the 800 payment (last offered) which could go up to get more responses.
On top of it, it is only a plane ticket voucher from the airline.  No big deal.

babyme

Latest from United:

All passengers on that flight will be REFUNDED for their ticket purchase.
Additional compensation may be forthcoming.

babyme

Truth about the event on volunteer for giving up the seat. It STOPPED at $800.

A company spokesperson confirmed to CNNMoney that supervisors were previously only able to offer up to $1,350, but Delta (DAL) notified them on Friday that they'll now be able to offer up to $9,950 in compensation.

Gate agents are also now authorized to offer more as well: $2,000 -- up from $800.

Related: United says Flight 3411 wasn't overbooked. It just had no open seats left

It's no surprise airlines would want to beef up the incentives for customers they need to bump from flights.

United Airlines is currently under immense scrutiny after a video of a passenger being dragged, bloodied and screaming, off a flight on Sunday went viral.

The airline claimed it first offered passengers $1,000 to take a later flight -- but there were no volunteers. Passengers said the offers stopped at $800.