United Airlines (UAL) Approves $3B Buyback
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United Airlines Announces New $3 Billion Share Repurchase Program
December 7, 2017 4:20 PM ESTCHICAGO, Dec. 7, 2017 /PRNewswire/ -- United Airlines announced today that the Board of Directors of its parent company, United Continental Holdings, Inc. (UAL), authorized a new $3 billion share repurchase program. This amount represents approximately 17 percent of the company's market capitalization based on the closing stock price on Dec. 6, 2017.
"We continue to invest in our employees, our customer experience and the growth of our business. Returning cash to our shareholders reflects the strength of our balance sheet and the confidence we have in our future," said Andrew Levy, executive vice president and chief financial officer of United... More
