United Airlines announced impressive results for its fourth quarter. The pre-tax margin increased by 3.2 points compared to the previous year. The airline’s total operating revenue was USD 14.7 billion. This was driven by a strong demand across all revenue streams, such as premium and corporate revenue. United was also the leader in on-time departures from all seven US hubs.

United’s earnings before taxes in 2024 reached USD 4.2 Billion, which translates to a pre-tax profit margin of 7.3%. Pre-tax adjusted earnings were USD 4,6 billion with an adjusted margin 8.1 percent. The airline exceeded its guidance for the year with diluted earnings of USD 9.45 and adjusted diluted earning per share of USD 10,61. The company reported a net income for the year of USD 3.15 billion. This was followed by an adjusted net profit of US 3.5 billion.

United’s fourth quarter performance saw a significant growth in operating revenue. The total operating revenue was up 7.8 % compared to last year’s same period. The airline increased its capacity by 6.2%, while premium revenues increased by 10%, a sign of a robust market. Additionally, corporate revenues grew by 7%, and Basic Economy experienced a 20 percent increase year-over-year. United’s diverse revenue streams, such as loyalty and cargo, have shown solid growth, with increases of 12 and 30% respectively.

Scott Kirby, CEO of United Airlines, noted that “United’s unique strategy came out of COVID. Our people delivered for our customers leading to a permanently and structurally changed industry.” United had a great year in 2024, as we became the world’s leading airline. We are now entering 2025 with demand trends that continue to accelerate. This puts us on a path to double-digit margins before tax.

The airline reported that it had made progress in its operational front as well, with the highest rate of on-time departures among major US carriers at its seven hubs. This success can be attributed to the significant investments made in airports, technology, and employees. United’s strong performance paves the way for continued growth in 2020, with the company predicting robust demand in the first three months.