United Airlines Inc. reported on Tuesday that its total operating revenue in the fourth quarter of fiscal 2024 grew 7.8% compared to the same period of the previous year to come at $14.7 billion, beating analyst's expectations.
The airliner's net income surged 64.2% on an annual level to stand at $985 million. At the same time, its diluted earnings per share (EPS) skyrocketed 63.0% compared to the previous year and stood at $2.95 per share. For the full 2024, diluted EPS climbed 19.8% to $9.45, net income rose 20.3% to $3.1 billion and total operating revenue advanced by 6.2% to $57.0 billion.
"2024 was a strong year across the board for United as we've become the leading global airline and we enter 2025 with demand trends continuing to accelerate which puts us on the path to double-digit pre-tax margins," United's Chief Executive Officer Scott Kirby wrote. The company's stock rose 3.83% to sell at $114.75 in the after-hours trade after the report.
