0 Mark Michaels Posted July 17, 2019 Author Share Posted July 17, 2019 Quote Link to comment Share on other sites More sharing options...
0 Sam Rondon Posted July 18, 2019 Share Posted July 18, 2019 Although the grounding of the Boeing 737 Max was no small issue, United Airlines Holdings (NASDAQ: UAL) reported a 50% higher profit than from the year-ago quarter, thanks to increasing demand. The Chicago-based airline said it made a deal to purchase 19 used Boeing 737-700 planes, saying this move will help the company meet the rising demand. The delivery will happen in December. According to the reports, second-quarter net income climbed 54% to $1.1bn, or $4.02 a share, significantly higher than the $683m, or $2.48 per share from the year-ago quarter. The reports also show an adjusted EPS of $4.21, higher than the consensus estimates of $4.09 a share. On Monday, the company’s executives authorised a new $3bn share buyback programme. United Airlines had repurchased $536m of its common shares in Q2 2019, an average price of $84.07 per share. Quote Link to comment Share on other sites More sharing options...
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