United Airlines Inc. reported on Tuesday that its total operating revenue in the first quarter of fiscal 2025 grew 5.4% compared to the same period of the previous year to come at $13.2 billion, matching analyst's expectations.
Net income came in at $387 million after a net loss of $124 million a year ago. At the same time, its diluted earnings per share (EPS) landed at $1.16 compared to the previous year's loss of $0.38. "In response to the current demand environment, United is removing 4 percentage points of scheduled domestic capacity starting in the third quarter of 2025," the airline said.
"United Next is on track and we will continue to execute our multiyear plan that has allowed United to thrive in any demand environment ... we expect to expand our lead further in challenging economic times," United's CEO Scott Kirby wrote. The company's stock rose 6.76% to sell at $71.62 apiece in the after-hours trade after the report.
