UPDATE: United Continental’s stock slides after all flights grounded because of computer glitch

United Continental Holdings Inc.’s stock dropped 1.6% in morning trade Wednesday, after the Federal Aviation Administration said all of the air carriers flight were grounded because of an outage with the check-in system. “We experienced a network connectivity issue this morning. We are working to resolve this and apologize to our customers for any inconvenience,” United said in a statement, as reported by the FAA. The FAA said the systems were coming back up. The stock has lost 20% year to date, compared with an 11% decline in the NYSE Arca Airline Index and the S&P 500’s 0.5% gain.

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