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United Airlines Stock Is Taking A Plunge: What's Happening?
United Airlines Holdings Inc (NASDAQ:UAL) shares are falling due to CEO Scott Kirby’s warning about the “meaningful” impact of surging fuel prices on the airline’s second-quarter results, driven by the U.S.–Israel–Iran conflict. With jet fuel prices up 58% since the conflict began and United not hedging fuel costs, the airline anticipates significant added expenses for flights and likely higher ticket prices. The stock’s technical indicators also show a bearish trend, trading below key moving averages and signal lines, despite a 6.40% gain over the past year.