United Airlines (UAL) shares are rising in premarket trading Wednesday after the Chicago-based carrier posted better-than-estimated fourth-quarter results and gave a bullish current-quarter outlook.
United posted adjusted profit of $3.26 per share on revenue that rose nearly 8% year-over-year to $14.70 billion. Analysts polled by Visible Alpha expected $3.06 and $14.39 billion, respectively.
Like rival Delta Air Lines (DAL) earlier this month, a surge in revenue from premium ticket sales drove the gains. United registered a 10% increase in premium revenue to power passenger revenue 7% higher to $13.28 billion.
United also said it expects adjusted earnings per share (EPS) between $0.75 and $1.25 during the first quarter of fiscal 2025, with the midpoint well above the $0.85 Visible Alpha consensus.
United shares are up nearly 4% in premarket trading and have nearly tripled over the past 12 months.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.