United stock gains on stronger-than-expected results, upbeat outlook
KEY TAKEAWAYS
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 Sees Q1 Adjusted EPS Above Estimates
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.
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