A reduction in airline seats in the domestic market that is fueling U.S. airline earnings is here to stay, United Airlines CEO Scott Kirby said on Wednesday. A sharp pullback in flying by U.S. carriers since summer has driven up ticket prices,
Like rival Delta Air Lines, United Airlines' premium ticket sales are growing. But for the Chicago-based carrier, passengers at the back of the plane are also contributing to its bottom line.
United Airlines (NASDAQ:UAL) reports Q4 earnings, expected to have $2.99 EPS and $14.40B revenue. Stock up 184.10% past year, 14.47% YTD. Analysts see 20% upside.
The Chicago-based company said it had net income of $2.95 per share. Earnings, adjusted for non-recurring costs, came to $3.26 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.
WSJ’s ranking is also in line with the most recent North America Airline Passenger Satisfaction Study that J.D. Power released in May. That list named Delta the top airline for customer satisfaction, while Southwest scored the top spot in the economy segment.
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With record earnings and the carrier's 2025 guidance signalling robust demand trends, analysts are bullish on the stock.
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U.S. stock indexes rose on Wednesday due to stronger-than-expected earnings from major tech companies and growing optimism for AI.
United Airlines on Tuesday forecast a stronger-than-expected profit in the current quarter, after its earnings topped Wall Street estimates in the fourth quarter on robust travel demand and improved pricing power.