Skift Take
After reporting better-than-expected third-quarter earnings, United executives discussed topics ranging from business travel to Boeing.
It’s been a good year for United Airlines.
The carrier saw one of its busiest summers and made headlines for its offbeat routes expansion and new Starlink partnership.
For the third-quarter, United reported revenues of $14.8 billion and is now implementing a $1.5 billion share buyback program, its first since the pandemic.
While the airline is still in thorny negotiations with its flight attendants over a new contract and came under scrutiny for a slate of safety incidents, it expects to end the year on a strong note.
Here are four takeaways from United’s third-quarter earnings:
1. Business Travel Is BackCorporate revenues for United were up 13% compared to last year. Chief commercial officer Andrew Nocella said the carrier also saw more growth in its coastal hubs as the tech and finance industries have increased their business travel.
Other sectors like energy have experienced slower growth, Nocella said.
“All verticals are growing a