United Airlines announced a $1.5 billion stock buyback plan, underscoring a seeming return to an investor focus that had diminished in the pandemic.

KEY TAKEAWAYS United Airlines unveiled plans for a $1.5 billion share buyback, its first since the pandemic, as the carrier also reported quarterly results that beat analysts' estimates.United reported third-quarter adjusted EPS of $3.

The big stock repurchase is the company’s first since the pandemic brought air travel to a near standstill in 2020.

United Airlines forecast a stronger-than-expected profit in the current quarter on Tuesday, after third-quarter earnings topped Wall Street expectations on improved pricing power. In a sign of growing confidence in its business,

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

United Airlines announced a $1.5 billion share buyback on Tuesday as its earnings for the third quarter topped analyst estimates.

United Airlines (NASDAQ:UAL) reported third-quarter earnings that surpassed analyst expectations and announced a new $1.5 billion share repurchase program. The company's stock traded relatively flat in Wednesday's premarket.

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the pandemic.