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.
United sees “robust” demand continuing, the company said in a press release.
“2024 was a strong year across the board for United,” said Chief Executive Scott Kirby.
“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.