The New York Stock Exchange has announced it will stop trading in United Airlines parent UAL Corporation, because the bankrupt carrier's stock has been below $1 for 30 days.
The widely expected de-listing is effective April 3, when United plans to begin selling its stock on the OTC Bulletin Board.
United says the move will not affect its customers or operations.
The announcement came the same day leaders of United's union for baggage handlers and public contact workers told members an eleventh-hour deal to salvage their labor agreement may be possible.
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