Shares of United Airlines fell about 5% in premarket trade Monday after the U.S. Federal Aviation Administration’s (FAA) move to increase its oversight of the carrier after a series of recent safety incidents.
Last week, the FAA said it would initiate a formal evaluation to ensure the Chicago-based airline was complying with safety regulations.
The airline has experienced several safety incidents in the past two weeks.
On March 15, an external panel was found missing from a United aircraft when it landed in Oregon, prompting an FAA investigation.
Before that incident, a United Airlines-operated Boeing 737 MAX rolled onto the grass in Houston. A United-operated Boeing 777-200 bound for Japan also lost a tire after takeoff from San Francisco and was diverted to Los Angeles, where it landed safely.
Earlier this month, United also said that its Boeing deliveries…
