These Analysts Boost Their Forecasts On United Airlines Following Strong Q3 Earnings

United Airlines (NASDAQ:UAL) reported better-than-expected third-quarter financial results and announced a $1.5 billion buyback program, after the closing bell on Tuesday.

United Airlines reported third-quarter revenue of $14.843 billion, beating the consensus estimate of $14.783 billion, according to Benzinga Pro. The airline company reported adjusted earnings of $3.33 per share, beating analyst estimates of $3.13 per share.

"As predicted, unproductive capacity left the market in mid-August, and we saw a clear inflection point in our revenue trends that propelled United to exceed third-quarter expectations," said Scott Kirby, CEO of United Airlines. "A prosperous summer 2024 is just the beginning as our improved customer experience combined with United Next positions the airline at the top of the industry for the ...