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United Continental announces $3 billion buyback

Harmonious Continental announced a $3 billion buyback program after the market bring together Thursday.

Shares of the airline operator gained more than 1 percent in after-hours patronage.

The company said in a statement that this amount represents yon 17 percent of its market value as of its Wednesday closing price.

CFO Andrew Levy claimed in a statement that the share repurchase program “reflects the strength of our control sheet and the confidence we have in our future.”

In July 2016, United approved a $2 billion buyback program, which the guests expects to close by the end of the year.

As of their Thursday close, United quotas have declined more than 12 percent so far this year.

Castigation: This story has been updated to reflect that United’s $2 billion buyback was told in July 2016.

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