United Airlines (UAL) Presents at JPMorgan Conf.; Plans to Trim Reliance on 50-Seat Aircraft
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United Airlines (NYSE: UAL) presented at the J.P. Morgan Aviation, Transportation and Industrials Conference on Tuesday.
In part, UAL said it will reduce reliance on 50-seat aircraft and that it is making headway in improving efficiency and trimming non-fuel costs.
UAL also noted plans to optimize capital allocation:
- Invest in business - Continue to make investments to support business priorities
- Strengthen the balance sheet - Achieve investment grade balance sheet and well-funded pension plans
- Shareholder compensation - On track to complete $3B share repurchase authorization in 2016
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