The market was piling into the company, even though it just reported a notable slide in profitability.
United Airlines UAL reported better-than-expected third-quarter financial results and announced a $1.5 billion buyback program, after the closing bell on Tuesday.
United Airlines (UAL) shares could remain in focus on Thursday after soaring to their highest level in more than four years today as the full-service carrier topped quarterly estimates, issued an upbeat profit outlook, and announced a $1.5 billion share buyback program—its first since the pandemic.
Major U.S. indexes gained ground Wednesday as investors reacted to strong earnings reports and semiconductor stocks bounced back after stumbling in the previous session.
United Airlines (UAL) was the best-performing stock in the S&P 500 on Wednesday after the carrier's executives said the airline industry had reached a long-awaited "inflection point," supporting the company's rosy business outlook.
UAL's third-quarter 2024 revenues benefit from an uptick in air-travel demand.
United Airlines Holdings, Inc. (NASDAQ:UAL ) Q3 2024 Earnings Conference Call October 16, 2024 10:30 AM ET Company Participants Kristina Edwards - Managing Director of IR Scott Kirby - CEO Brett Hart - President Linda Jojo - Executive Vice President and Chief Customer Officer Andrew Nocella - Executive Vice President and Chief Commercial Officer Mike Leskinen - Executive Vice President and Chief Financial Officer Conference Call Participants Conor Cunningham - Melius Research David Vernon - Bernstein Andrew Dedorio - Bank of America James Baker - JPMorgan Tom Fitzgerald - TD Cowen Scott Group - Wolfe Research Duane Pfennigwerth - Evercore ISI Sheila Kahyaoglu - Jefferies Brandon Oglenski - Barclays Mike Linenberg - Deutsche Bank Steve Trent - Citi Leslie Josephs - CNBC Mary Schlangenstein - Bloomberg Rajesh Singh - Reuters Operator Good morning. And welcome to United Airlines Holdings' Earnings Conference Call for the Third Quarter 2024.
A solid beat and raise was accompanied by a buyback announcement.
United Airlines Holdings Inc (NASDAQ:UAL) stock is trading at more than four-year highs after earnings, up 7.4% at $68.77 at last check.
“They're going to get an industry-leading contract
United Airlines, which beat Wall Street estimates due to strong demand, announced a $1.5 billion stock buyback plan, underscoring a seeming return to an investor focus that had diminished in the pandemic.
United Airlines (UAL) unveiled plans for a $1.5 billion share buyback, its first since the pandemic, as the carrier also reported quarterly results that beat analysts' estimates.