U.S. Stock Market News | Airline stocks collectively rise as United Airlines announces a $1.5 billion stock buyback plan

On Wednesday, US airline stocks collectively rose. As of the time of publication, United Airlines surged over 8%, Delta Air Lines rose by more than 4%, American Airlines rose by over 2.3%, and Alaska Airlines rose by nearly 2%. In terms of news, United Airlines' Q3 revenue was $14.843 billion, a year-on-year increase of 2.5%, surpassing analysts' general expectation of $14.78 billion. By business segment, passenger revenue was $13.561 billion, a year-on-year increase of 1.6%; cargo revenue was $0.417 billion, a year-on-year increase of 25.2%; other revenue was $0.865 billion, a year-on-year increase of 7.9%. The company also announced a $1.5 billion stock repurchase plan, with $500 million to be repurchased in the remaining time of 2024