United Airlines reported strong financial and operational results for Q3 2024, exceeding EPS expectations. Revenue trends improved as unprofitable capacity exited the market, with domestic unit revenue positive year-over-year in August and September. The company also announced a $1.5 billion share repurchase program.
Pre-tax earnings of $1.3 billion, with a pre-tax margin of 8.7%.
Diluted earnings per share of $2.90; adjusted diluted earnings per share of $3.33.
Total operating revenue of $14.8 billion, up 2.5% compared to third-quarter 2023.
Board of Directors authorized a new share repurchase program for up to $1.5 billion.
The company did not provide specific forward guidance in this release.
Visualization of income flow from segment revenue to net income