United Continental's Stock Rallies Premarket, Set To Erase All Losses In Wake Of Passenger Being Dragged Off Plane

By Tomi Kilgore Markets MarketWatch Pulse

Shares of United Continental Holdings Inc. climbed 1.1% in premarket trade Wednesday, putting them on course to post a gain despite the public-relations backlash after a passenger was dragged off the plane over the weekend. The stock was changing hands at $71.50 ahead of the open, and was on track to open with a 0.9% gain on the week. The stock was suffering a week-to-date decline of as much as 3.6% at Tuesday's intraday low of $68.36, but then pared losses sharply after Chief Executive Oscar Munoz issued a more conciliatory apology in the afternoon. United's stock rally comes as shares of Delta Air Lines Inc. jumped 3% in premarket trade after reporting first-quarter results, and of JetBlue Airways Corp. tacked on 0.1% after reporting March traffic data. United's stock has lost 4.5% over the past three months through Tuesday, while the NYSE Arca Airline Index has slipped 0.9% and the S&P 500 has gained 3.7%.

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