United Continental Stock News

Shares in United Airlines (UAL 9.66%) had soared by 9.4% as of 1 p.m. ET today. It may seem odd that shares in network carriers like United are soaring after another airline, Spirit Airlines, released an SEC filing warning that it has doubts about being able to stay in business, but that's probably the reason for the surge in United and others like Delta and American Airlines.

Airfares increased 4% month over month in July after five straight monthly declines.

Thousands of US air passengers were facing delays Wednesday after United Airlines halted many departures in the wake of a systemwide problem.

United Airlines grounded hundreds of flights due to a technology issue late Wednesday, causing delays and cancellations into Thursday morning.

According to FlightAware data, nearly 1100 United Airlines flights faced delays on Wednesday, which is 35% of the carrier's scheduled flights for the day. In addition to this, 157 United flights were canceled.

A technical issue forced the grounding of hundreds of United Airlines flights late Wednesday, snarling airports amid the busy summer travel season.

The FAA issued ground stops at several United hubs Wednesday evening.

United Airlines said it had grounded its flights at U.S. airports on Wednesday due to a technology issue, and warned of additional flight delays in the evening.