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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.
UAL's third-quarter 2024 revenues benefit from an uptick in air-travel demand.
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
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.
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.