CHICAGO (AP) – United is getting pummeled on late-night TV. Online, jokers are proposing new corporate slogans such as “We’ll drag you all over the world” and “We have red eye and black eye flights available.” On Wall Street, the airline briefly lost nearly $1 billion in market value before its stock regained much of the loss.

The cellphone video of airport police dragging a 69-year-old passenger off an overbooked flight has become a public-relations fiasco for United, with travel and PR experts saying the airline fumbled the situation from the start and made matters worse with a tone-deaf apology from the CEO.

It’s too soon to know whether Sunday night’s incident at Chicago’s O’Hare Airport will cause lasting harm. Many travelers go for the cheapest fare, no matter what the name on the plane. And United frequent flyers won’t easily give up their miles.

Then again, there are those videos. It will be hard to forget the image of the man being yanked out of his seat and dragged down the aisle on his back as other passengers gasped.

“That is the craziest act I’ve ever seen. Who drags a ticketed passenger off an airplane?” said Bruce Rubin, a longtime practitioner of crisis public relations in Miami. “Because it’s so visual and it’s so unnecessary, it’s the kind of thing that can hurt United long-term.”

United CEO Oscar Munoz apologized on Monday, but not without blaming the passenger, David Dao, of Elizabethtown, Kentucky, for not obeying when airline employees asked him to leave. Munoz called the man “disruptive and belligerent.”

On Tuesday, Munoz offered a stronger mea culpa for the “truly horrific event,” saying, “No one should ever be mistreated this way.” He promised a review of airline policies by April 30 and vowed to “fix what’s broken so this never happens again.”

Dao, along with three other passengers who left the plane before police were called, had been told to give up their seats so that four employees of the company operating the flight for United could board.

United had tried to entice volunteers with travel vouchers worth $800 and a hotel room. When there were no takers, a United manager went on board and announced four people would be chosen to be removed.

Big mistake, say the crisis-management experts. Everyone wondered why United didn’t simply sweeten the offer until four passengers agreed to get off.

“A few dollars could have solved this problem,” said Allen Adamson, founder of Brand Simple Consulting in New York. “Instead, the damage of the brand will be millions of dollars.”

United said passengers were already seated when the four employees of Republic Airline showed up at the gate and insisted on boarding the plane to Louisville, Kentucky, so that they could operate a flight the next morning.

United is “within their rights to take someone off the plane, but this problem is totally the creation of United,” said Charles Leocha, a passenger-rights advocate in Washington. “For them to wait after the (passengers) boarded before they say, ‘Sorry, you have to get off'” is inexcusable.

The online storm began immediately after the first video was posted online. Memes mocking United sprouted like flight delays during a thunderstorm. Some jokers created images of a bat-wielding villain from “The Walking Dead” patrolling the aisle on a United plane.

Munoz, who just last month was named PR Week’s “Communicator of the Year,” was vilified.

On ABC, comedian Jimmy Kimmel launched his show with a five-minute takedown of United, mocking Munoz for saying the airline had to “re-accommodate” customers – industry jargon for putting people on later flights. Kimmel showed the dragging video and likened the man’s “re-accommodation” to the capture and extradition of Mexican drug lord El Chapo.

“That is such sanitized, say-nothing, take-no-responsibility, corporate BS speak,” Kimmel said.

The stock of parent United Continental Holdings Inc. plunged 4.4 percent Tuesday morning but recovered and was off 1.4 percent shortly before the closing bell.

Richard Levick, a crisis-PR consultant in Washington, said Munoz and his airline responded poorly once the story dominated social media, just as they seemed to do two weeks ago after a gate agent in Denver barred two girls from boarding because they were wearing leggings.

“It doesn’t matter if United Airlines followed their rules,” Levick said. “They are really beginning to become the brand that people think we should not fly.”

Three Statements Released:

First statement, released by the airline midday Monday:

This is an upsetting event to all of us here at United. I apologize for having to re-accommodate these customers. Our team is moving with a sense of urgency to work with the authorities and conduct our own detailed review of what happened. We are also reaching out to this passenger to talk directly to him and further address and resolve this situation.

Oscar Munoz, CEO, United Airlines

___Second statement, sent to employees Monday evening:

Dear Team,

Like you, I was upset to see and hear about what happened last night aboard United Express Flight 3411 headed from Chicago to Louisville. While the facts and circumstances are still evolving, especially with respect to why this customer defied Chicago Aviation Security Officers the way he did, to give you a clearer picture of what transpired, I’ve included below a recap from the preliminary reports filed by our employees.

As you will read, this situation was unfortunately compounded when one of the passengers we politely asked to deplane refused and it became necessary to contact Chicago Aviation Security Officers to help. Our employees followed established procedures for dealing with situations like this. While I deeply regret this situation arose, I also emphatically stand behind all of you, and I want to commend you for continuing to go above and beyond to ensure we fly right.

I do, however, believe there are lessons we can learn from this experience, and we are taking a close look at the circumstances surrounding this incident. Treating our customers and each other with respect and dignity is at the core of who we are, and we must always remember this no matter how challenging the situation.

Oscar

___Third statement, sent to employees Tuesday afternoon:

Dear Team,

The truly horrific event that occurred on this flight has elicited many responses from all of us: outrage, anger, disappointment. I share all of those sentiments, and one above all: my deepest apologies for what happened. Like you, I continue to be disturbed by what happened on this flight and I deeply apologize to the customer forcibly removed and to all the customers aboard. No one should ever be mistreated this way.

I want you to know that we take full responsibility and we will work to make it right.

It’s never too late to do the right thing. I have committed to our customers and our employees that we are going to fix what’s broken so this never happens again. This will include a thorough review of crew movement, our policies for incentivizing volunteers in these situations, how we handle oversold situations and an examination of how we partner with airport authorities and local law enforcement. We’ll communicate the results of our review by April 30th.

I promise you we will do better.

Sincerely,

Oscar