United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast higher airfares into 2025.
United Airlines shares rose nearly 13% Wednesday, leading the S&P 500 higher and closing at $72.02, the highest since February 2020, before Covid-19 was declared a pandemic. Other airline shares also rose sharply, outpacing the broader market.
More -