United Airlines Forecasts Strong Earnings Amid Travel Demand Surge

NEWARK, N.J. — United Airlines on Tuesday projected first-quarter earnings that exceeded analysts’ expectations, driven by robust travel demand and growth in premium seating and international travel. The airline anticipates adjusted earnings of 75 cents to $1.25 per share for the first quarter, surpassing the 54 cents forecast by analysts, according to LSEG estimates.

The carrier’s stock has surged more than 180% over the past year, outperforming other U.S. airlines. Following the earnings release, United’s shares rose more than 3% in extended trading.

For the fourth quarter of 2024, United reported a $985 million profit, a 64% increase from the previous year, on $14.70 billion in revenue, up 8% year-over-year. Adjusted earnings per share for the quarter stood at $3.26, also ahead of expectations.

United’s strong performance was fueled by growth across multiple revenue streams, including loyalty programs, international travel, and domestic and basic economy-class sales. Unit revenue, a key measure of pricing power, also showed positive growth compared to the same period in 2023.

Looking ahead, United expects full-year 2025 adjusted earnings to range between $11.50 and $13.50 per share, aligning with analysts’ expectations of around $12.82. The airline, along with competitors like Delta, has benefited from increased demand for premium seating and international travel.

Delta CEO Ed Bastian echoed optimism, predicting 2025 to be the airline’s “best financial year in our history.” United’s focus on expanding its loyalty program and capitalizing on strong travel demand positions it for continued growth in the coming year.