[Reuters] - United Airlines' parent company will pay $2.4 million to resolve civil books and records violations after it reinstated an unprofitable flight route to accommodate the chairman of the Port Authority of New York and New Jersey, the U.S. securities regulator said. The U.S. Securities and Exchange Commission said United Airlines' decision in December 2011 to add a nonstop flight between Newark, New Jersey and Columbia, South Carolina for then chairman David Samson's personal benefit harmed shareholders, who were forced to foot the bill.
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