United Airlines reported record second-quarter net income of $1.2 billion, up 51.2% from the same period last year, as the company continues to reap the synergies from the merger with Continental. United’s board further authorized a $3 billion share repurchase program. “This quarter’s record results reflect the progress we’re making on our long-term plan,” CEO Jeff Smisek said. “The $3 billion share repurchase program we announced today demonstrates the ...

Subscribe to Access this Entire Article

"United posts record 2Q profits, authorizes $3 billion buyback" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.