Deutsche Bank Upgrades United Continental (UAL) to Buy

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Go back to Deutsche Bank Upgrades United Continental (UAL) to Buy

United Announces Highest-Ever Quarterly Profit

July 23, 2015 7:30 AM EDT

CHICAGO, July 23, 2015 /PRNewswire/ -- United Airlines (UAL) today reported second-quarter 2015 net income of $1.3 billion, or $3.31 per diluted share, excluding $67 million of special items. Including special items, UAL reported second-quarter net income of $1.2 billion, or $3.14 per diluted share. These results are a record quarterly profit for the company.

The company's Board of Directors authorized an additional $3 billion share repurchase program, which the company expects to complete by the end of 2017. In the quarter, UAL prepaid approximately $800 million of debt, contributed approximately $620 million to its pension plans and returned approximately $250 million to shareholders... More