United (UAL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Safety investigators are making “urgent” recommendations to Boeing and the Federal Aviation Administration after determining pedals that pilots use to steer 737 Max jetliners on runways can become jammed because moisture can leak into a rudder assembly and freeze. The National Transportation Safety Board issued the recommendations Thursday following its investigation of an incident earlier this year involving a United Airlines plane. The FAA said United is the only U.S. airline affected by the recommendations, and it believes the parts susceptible to jamming are no longer in use.
The National Transportation Safety Board on Thursday issued urgent safety recommendations about the potential for a jammed rudder control system on some Boeing 737 airplanes after a February incident involving a United Airlines flight. The NTSB is investigating an incident in which the rudder pedals on a United Boeing 737 MAX 8 were "stuck" in the neutral position during a landing at Newark. United said the rudder control parts at issue were in use in only nine of its 737 aircraft originally built for other airlines.