United Airlines sees ‘robust’ demand as earnings rise
Aircraft of United Airlines parked at the Washington Dulles International Airport on January 23, 2020. (Photo by JMS)
New York, United States — United Airlines offered an upbeat outlook on the state of travel demand Tuesday after reporting higher profits on solidly increased revenues.
Profits in the fourth quarter came in at a record $985 million, up 64 percent on an eight percent increase in revenues to $14.7 billion.
Overall capacity rose 6.2 percent compared with the year-ago period, another sign of robust demand.
READ: United Airlines Q2 profit rises to $1.32 billion
United sees “robust” demand continuing, the company said in a press release.
Article continues after this advertisement“2024 was a strong year across the board for United,” said Chief Executive Scott Kirby.
Article continues after this advertisement“We enter 2025 with demand trends continuing to accelerate which puts us on the path to double-digit pre-tax margins.”
The quarter capped a year that saw the company operate at record levels in terms of flights and customers carried.
United projected first-quarter profits of between 75 cents and $1.25 per share, above analyst expectations.
Shares jumped 2.9 percent in after-hours trading.