The airline said it will buy back $1.5 billion worth of shares, its first buyback since before the Covid-19 pandemic.said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong results for the last three months of the year.United expects to earn an adjusted $2.50 to $3.00 a share in the fourth quarter, compared to $2.00 a share a year earlier and the $2.
For the third quarter, United posted revenue of $14.84 billion, up 2.5% from a year earlier and above analysts' estimates. It reported net income of $965 million, down 15% from a year ago.
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DOT Approves Alaska Airlines-Hawaiian Airlines Merger With Public Interest ProtectionsThe US Department of Transportation (DOT) has approved the merger between Alaska Airlines and Hawaiian Airlines, but with conditions. The DOT requires the airlines to implement 'public-interest protections' to safeguard the value of their rewards programs. These protections include preserving existing miles, enabling a 1:1 transfer ratio between their programs, maintaining earned mile value, and prohibiting new 'junk fees'. The merger was initially announced last December but faced delays due to legal challenges alleging potential harm to the Hawaiian economy.
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DOT Approves Alaska Airlines And Hawaiian Airlines Merger With Public Interest ProtectionsThe Department of Transportation (DOT) has approved the merger between Alaska Airlines and Hawaiian Airlines, imposing conditions to protect consumers and ensure fair competition. Secretary Pete Buttigieg highlighted these protections, which include maintaining critical flight services, access for smaller airlines, cost reductions for families and service members, and preserving rewards program value.
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Alaska Airlines completes $1 billion acquisition of Hawaiian AirlinesThe airlines announced Wednesday that they have completed the sale just a day after the federal government removed the last major regulatory obstacle.
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