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United Airlines' pilots up in arms over management's stock buyback plan
2015-07-28 12:05:43| Airlines - Topix.net
In the wake of last week's announcement that United Airlines would launch a $3 billion stock repurchase effort, United pilots are seriously questioning the wisdom of that move by management of the Chicago-based airline. In a strongly-worded memo sent late last week to his fellow 12,500-plus unionized United pilots, Jay Heppner , a United captain and chairman of the United chapter of the Air Line Pilots Association , wrote that "buying back shares of a company's stock signals to investors that executive management cannot think of anything better to do with its excess cash."
United Airlines saves on fuel, earns record profit in 2Q
2015-07-23 19:20:18| Airlines - Topix.net
United Airlines reports quarterly financial results on Thursday, ... Prosecutors have urged jurors to sentence Colorado theater shooter James Holmes to death, saying he wanted to murder all 400 people at a midnight movie premiere but managed to kill only 12 because his assault rifle... The jurors who convicted James Holmes of murder in the Colorado theater shooting were taking more time than expected Thursday to decide whether prosecutors passed the first legal test for a death sentence.
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United plans $3B buyback as airlines' repurchases quicken
2015-07-23 18:15:03| Airlines - Topix.net
United Continental Holdings Inc. plans a $3 billion buyback, the airline's biggest ever, as the largest U.S. carriers accelerate repurchases amid a slump in share prices. The new program will be completed by the end of 2017, United said Thursday, minutes after Southwest Airlines Co.
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United Airlines profit rises, announces $3 billion buyback plan
2015-07-23 14:58:19| Airlines - Topix.net
The Chicago-based airline earned $1.19 billion, or $3.14 cents per share, for the second quarter ended June 30, up from $789 million, or $2.01 per share, in the year ago period. Excluding special items, it earned $3.31 per share, in line with analysts' average estimate, according to Thomson Reuters I/B/E/S.
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Following embassy opening, United Airlines eager to begin Cuba flights
2015-07-21 21:00:39| Airlines - Topix.net
Chicago-based United Continental Holdings Inc. congratulated both the United States and Cuban governments on the historic reopening of their respective embassies in Washington, D.C., and Havana, Cuba, on July 20. That significant diplomatic development marked a further warming of relations between two countries that had broken off ties more than 50 years ago. Now that President Barack Obama has said Cuba and the U.S. can be friends again, United Airlines is wasting no time suggesting that's just fine with the airline, too.
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