Sign in to comment!

Menu
Home

ECONOMY

With summer travel season in full swing, United Airlines breaks into the black

United Airlines is making money after a slow start to the year.

The airline's net income in the second quarter hit $789 million, topping Wall Street expectations and marking a turnaround from the first quarter when United was the only major U.S. carrier to report a loss.

Shares are up more than 5 percent before the opening bell.

The company also said Thursday that it will buy back up to $1 billion in shares over the next three years.

United says that excluding special items, it would have earned $2.34 per share. Analysts surveyed by FactSet were expecting $2.19.

Revenue is up 3.3 percent to $10.33 billion, slightly higher than Wall Street forecasts.

Shares of United Continental Holdings Inc. rose $1.18 to $46 in premarket trading.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.99% dw 4.00%  
15 Y Fixed Graph 3.06% dw 3.10%  
30 Y Fixed Jumbo Graph 4.15% dw 4.21%  
5/1 ARM Graph 3.20% up 3.19%  
5/1 Jumbo ARM Graph 3.48% dw 3.51%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.30%  
$50K HELOC Graph 3.98% up 3.96%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.92% dw 2.94%  
36 M Used Graph 3.46% dw 3.49%  
48 M New Graph 3.18% dw 3.20%  
48 M Used Graph 2.99% -- 2.99%  
60 M New Graph 3.18% dw 3.20%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.55% up 1.55%