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A United 767 taxis out as seen from Passport to Dulles 2018 (Photo: AirlineGeeks | Craig Fischer)

U.S. Airline Stocks Plummet After United Airlines Unveils Expansion Plan

Major airline stocks took a hit on Wednesday due to fears that United's new expansion plan will undercut prices and profits. The stocks belonged to airlines such as American, Delta, Southwest and even United itself. United's new plan, announced by President of United Airlines Scott Kirby, states that the airline is planning to add between 4% and 6 percent to its passenger capacity in 2018 and plans to maintain that same growth pace through 2020. However, many investors and analysts fear…