Reported about 12 hours ago
United Airlines has projected a stronger-than-expected profit for the current quarter after surpassing Wall Street earnings estimates in the third quarter. The airline announced its first share buyback program of $1.5 billion since the pandemic, reflecting newfound confidence fueled by improved pricing power and capacity adjustments. Analysts anticipate an adjusted profit of $2.68 per share for the upcoming quarter, while United's recent earnings were reported at $3.33 per share, exceeding expectations.
Source: YAHOO