United Q2 Meets Analysts, Introduces More Buybacks

United Continental (UAL) reported second-quarter earnings and revenue in line with Wall Street expectations and announced a much bigger stock buyback plan. The Chicago-based carrier's Q2 earnings, excluding special items, jumped 51% to $3.31 per share. Revenue dipped 4% to $9.9 billion. Consolidated passenger revenue fell 3.4% to to $8.7 billion vs. a year ago while ancillary revenue per passenger rose 6.7%. Fuel expenses fell 32% to $2.11 billion

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