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Takeaways from the Key Notes
- United Airlines posted better-than-estimated fourth-quarter results and gave a bullish current-quarter outlook on the back of increased consumer demand for premium travel.
- The fourth-quarter premium revenue increased by 10%.
- United shares nearly tripled their value in the past year.
United Airlines (UAL) posted better-than-estimated fourth-quarter results and gave a bullish current-quarter outlook on the back of increased consumer demand for premium travel.
Chicago-based airline posted adjusted profits of $3.26 on revenues which rose by almost 8% from last year, to $14.70billion. Visible Alpha surveyed analysts, who predicted $3.06 per share and $14.49 billion respectively.
The gains were driven by a spike in premium ticket revenue, just like Delta Air Lines did earlier this month. United recorded a 10 percent increase in revenue from premium tickets, which pushed passenger revenues up 7%.
United Sees Q1 Adjusted EPS Above Estimates
United said that it also expects to earn adjusted earnings per share between $0.75-$1.25 during the first fiscal quarter 2025. The midpoint is well above Visible Alpha’s consensus of $0.85.
United’s shares were up 2% on Wednesday, and they have almost tripled in the last 12 months.
UPDATE—Jan. Updated share prices have been added to this article as of January 22, 2025.
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