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JetBlue Founder Neeleman Reacts to United's Passenger Incident

Wednesday - 12/04/2017 19:37
JetBlue (JBLU) founder and former CEO David Neeleman said today that in order to prevent mishaps like the one that happened with United Continental (UAL) is to give employees power to increase monetary incentives to get people to give up their seats.
JetBlue (JBLUfounder and former CEO David Neeleman said today that in order to prevent mishaps like the one that happened with United Continental (UAL is to give employees power to increase monetary incentives to get people to give up their seats.  

A video of a man being forcibly removed from a United Airlines flight surfaced yesterday. United apologized for having to "re-accommodate" the passenger who was dragged away.  

"If you have a situation where you have people on an airplane and you have to pull someone off, there's a price to get volunteers," Neeleman told CNBC's "Squawk on the Street". "It's about giving control ... [to] the gate agent to be able to bid a higher price to be able to get people to voluntarily to leave the airplane. It's as simple as that." 

United will learn from this situation, Neeleman added. "This won't happen again at United."  

United's stock reflects the negative public sentiment regarding the mishap as shares were lower Tuesday afternoon by 2.73% to $69.57 on heavy trading volume of about 12 million shares vs. the monthly average of around 4 million.  

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.) 

Source: The Street:

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