A 2002 news article about United Airlines filing for bankruptcy protection resurfaced erroneously on trading screens Monday -- and the company's shares quickly plummeted as a result. Business reporter Frank Ahrens of the Washington Post examines the mishap.
United Airlines filed for bankruptcy Monday, after high costs and low airfares left the world's second-largest carrier with too much debt and not enough cash.
United Airlines' stock fell by two-thirds and its credit rating was downgraded Thursday as the company faced bankruptcy after losing a bid for a government-backed loan guarantee.
Layoffs of tens of thousands of employees at American and United Airlines, which come in response to slow traffic after last week's hijackings, are the latest blow to the crippled aviation industry.
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