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United shares sink 12% after CEO admits airline is in a ‘competitive hole’

United employee shoves elderly man
United employee shoves elderly man

United Airlines shares plunged 12% after CEO Oscar Munoz told investors the company has dug itself into “a little bit of a competitive hole.”

During an earnings call Thursday morning, Munoz and other company executives faced a firestorm of questions from Wall Street analysts about the company’s performance.

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