United Continental to buy back $3 billion more in shares

12/07/17 04:51 PM EST

United Continental Holdings Inc. (UAL) shares ticked higher in the extended session Thursday after the airline operator said it would buy back an additional $3 billion in shares. United Continental shares rose 1.5% to $64.50 after hours, following a gain of 2.2% during the regular session. The company said it expects to complete a separate $2 billion share repurchase plan, initiated back in July 2016, by the end of December. United has about 296 million shares outstanding, down from about 330 million shares outstanding at the end of 2016, according to FactSet data. The price of United shares have fallen nearly 13% on the year.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

 

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12-07-17 1651ET

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