United Airlines (UAL) Stock Drops as MileagePlus Overhaul Unnerves Investors

TLDR UAL dropped 5.88% to $110.05 Thursday, snapping a two-day winning streak. The sell-off was triggered by United’s announcement of its biggest MileagePlus overhaul in over a decade. New perks target co-branded JPMorgan Chase cardholders, including more miles, lower redemption rates, and waived bag fees. UAL underperformed vs. the broader market but held up slightly [...]

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