Ukraine accused militants fighting to join eastern Ukraine with Russia of shooting down the flight, which was carrying 295 people, Reuters reports.
Other airline stocks declining as a result of the crash include Delta (DAL), lower by -3.35% to $36.59, American Airlines (AAL), down -3.68% to $41.88, and Southwest Airlines (LUV), down by -1.86% to $27.51.
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Separately, TheStreet Ratings team rates UNITED CONTINENTAL HLDGS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITED CONTINENTAL HLDGS INC (UAL) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins."