United Airlines Q4 Earnings Beat, Q1 Guidance Bullish
Key Takeaways:
* UAL stock surges in premarket trading after exceeding Q4 estimates.
* Premium revenue jumped 10% year-over-year, driving passenger revenue growth.
* United projects Q1 adjusted EPS range above consensus, signaling optimism.
* Stock has almost tripled in value over the past year.
United Airlines (UAL) reported strong fourth-quarter results, with adjusted earnings per share (EPS) of $3.26 on revenue of $14.70 billion, surpassing analyst estimates. Revenue growth was fueled by a 10% surge in premium ticket sales. The company also provided a bullish outlook for the current quarter, forecasting adjusted EPS between $0.75 and $1.25. This midpoint exceeds the consensus estimate of $0.85. As a result, UAL shares are trading nearly 4% higher in premarket trading and have experienced significant growth over the past year, almost tripling in value.