United announces $1.5 bn share buyback as earnings top estimates …C0NTINUE READING HERE >>>
United Airlines reported third quarter earnings Tuesday.
Photo: JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA/Getty Images via AFP
Source: AFP
United Airlines announced a $1.5 billion share buyback on Tuesday as its earnings for the third quarter topped analyst estimates.
The US airline reported net income of $965 million, down more than 15 percent from the same period a year earlier. This translated to an adjusted diluted earnings per share of $3.33 — above analyst estimates.
But operating revenues rose by 2.5 percent to around $14.8 billion due to an increase in both passenger and…
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