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.
Sara Nelson, Association of Flight Attendants international president, joins 'Squawk Box' to discuss news United Airlines launching a $1.5 billion share buyback program, the backlash from flight attendant's union, state of negotiations between the union and the airline, and more.
United Airlines Holdings Inc (NASDAQ:UAL, ETR:UAL1) expects higher-than-predicted profits in the fourth quarter after beating third-quarter earnings forecasts. The airline reported adjusted earnings of $3.33 per share, surpassing Wall Street's estimate of $3.17.
While the Dow and S&P 500 rolled back closing highs, United (UAL) and J.B. Hunt (JBHT) are up on strong Q3 figures.
While the top- and bottom-line numbers for United (UAL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
United Airlines (UAL) came out with quarterly earnings of $3.33 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $3.65 per share a year ago.
Nicolas Owens, Morningstar Research Services industrials equity analyst, breaks down United Airlines' third-quarter earnings on "Bloomberg The Close." United said adjusted profit was $3.33 a share in the period.
Revenue from basic economy seats shot up 20% at United.