United Continental announces $3bn share repurchase program

By Pouyan Broukhim

United Continental Holdings, the parent company of Chicago-headquartered United Airlines, has announced a new $3bn share buyback program – approximately 17% of the company’s current market capitalisation.

"We continue to invest in our employees, our customer experience and the growth of our business,” said Andrew Levy, Executive Vice President and Chief Financial Officer of United Airlines. “Returning cash to our shareholders reflects the strength of our balance sheet and the confidence we have in our future.”

See also:

The new repurchase program will follow directly on from the company’s most recent $2bn share purchase authorisation that is set to complete this month.

The airline currently operates approximately 4,500 flights a day from 337 different airports across five continents. This network saw 143mn customers served across 1.6mn flights last year, using United’s 751 mainline aircraft and the airline’s United Express fleet of 489 regional aircraft.

So far, this year, United’s share price has dropped up to 12%.


Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox


Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business