United Airlines (UAL) Tops Q2 EPS by 4c; Additional $2B Stock Buyback Approved
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United Airlines Reports Second-Quarter 2016 Performance
July 19, 2016 4:15 PM EDTCHICAGO, July 19, 2016 /PRNewswire/ --Â United Airlines (UAL) today reported its second-quarter 2016 financial results.Â
Including special items, UAL reported second-quarter net income of $588 million, earnings per share of $1.78 per diluted share and pre-tax earnings of $931 million. Excluding special items, UAL reported second-quarter net income of $863 million, earnings per share of $2.61 per diluted share and pre-tax earnings of $1.4 billion. During the second quarter of 2016, the company repurchased $694 million of its common stock, representing 4.4 percent of shares outstanding. In July, the company's Board of Directors authorized an additional $2 billion share repurchase... More
