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CHICAGO, July 23, 2015 /PRNewswire/ --United Airlines (UAL) today
reported second-quarter 2015 net income of $1.3 billion, or $3.31 per
diluted share, excluding $67 million of special items. Including special
items, UAL reported second-quarter net income of $1.2 billion, or $3.14 per
diluted share. These results are a record quarterly profit for the company.
The company's Board of Directors authorized an additional $3 billion share
repurchase program, which the company expects to complete by the end of 2017.
In the quarter, UAL prepaid approximately $800 million of debt, contributed
approximately $620 million to its pension plans and returned approximately $
250 million to shareholders as part of its existing $1 billion share buyback
program.
reported second-quarter 2015 net income of $1.3 billion, or $3.31 per
diluted share, excluding $67 million of special items. Including special
items, UAL reported second-quarter net income of $1.2 billion, or $3.14 per
diluted share. These results are a record quarterly profit for the company.
The company's Board of Directors authorized an additional $3 billion share
repurchase program, which the company expects to complete by the end of 2017.
In the quarter, UAL prepaid approximately $800 million of debt, contributed
approximately $620 million to its pension plans and returned approximately $
250 million to shareholders as part of its existing $1 billion share buyback
program.