U.S. Stock Market News | Airline stocks collectively rise as United Airlines announces a $1.5 billion stock buyback plan
On Wednesday, US airline stocks collectively rose. As of the time of publication, United Airlines surged over 8%, Delta Air Lines rose by more than 4%, American Airlines rose by over 2.3%, and Alaska Airlines rose by nearly 2%. In terms of news, United Airlines' Q3 revenue was $14.843 billion, a year-on-year increase of 2.5%, surpassing analysts' general expectation of $14.78 billion. By business segment, passenger revenue was $13.561 billion, a year-on-year increase of 1.6%; cargo revenue was $0.417 billion, a year-on-year increase of 25.2%; other revenue was $0.865 billion, a year-on-year increase of 7.9%. The company also announced a $1.5 billion stock repurchase plan, with $500 million to be repurchased in the remaining time of 2024
According to the financial news app Zhitong Finance, on Wednesday, airline stocks in the US collectively rose. As of the time of publication, United Airlines (UAL.US) surged over 8%, Delta Air Lines (DAL.US) rose more than 4%, American Airlines (AAL.US) rose over 2.3%, and Alaska Air Group (ALK.US) rose nearly 2%. In terms of news, United Airlines reported Q3 revenue of $14.843 billion, a year-on-year increase of 2.5%, surpassing the analysts' general expectation of $14.78 billion. By business segment, passenger revenue was $13.561 billion, a year-on-year increase of 1.6%; cargo revenue was $417 million, a year-on-year increase of 25.2%; other revenue was $865 million, a year-on-year increase of 7.9%. The company also announced a $1.5 billion stock repurchase plan, with $500 million to be repurchased in the remaining time of 2024