Reported about 1 month ago
United Airlines shares surged following a strong earnings report and optimistic industry outlook, as the airline reduces unprofitable flight capacities. Executive Andrew Nocella indicated that the exit of excess flights is just the beginning, contributing to a significant increase in both leisure and business travel revenues. The company's third-quarter operating margin was reported at 10.5%, and United plans to repurchase $1.5 billion in stock, reinforcing its profit goals.
Source: YAHOO