United Announces 20% Profit Sharing Increase Expectation
July 24, 2019
In addition, the United Board of Directors approved a new $3B share re-purchase program. All of the details of our second- quarter financial results are available on the United Hub website and the Investor Relations website.
On July 18, 2019 United announced the expectations of a profit-sharing payout per participating employee to be approximately 20% higher than last year. The announcement came on the heels of United’s second quarter financial results, the highest second-quarter pre-tax income in the airlines history (post 2010 merger).