United Airlines has announced its financial results for the full year and the fourth quarter of 2024. The company reported pre-tax earnings of $4.2 billion for the year, resulting in a pre-tax margin of 7.3%. Adjusted pre-tax earnings amounted to $4.6 billion, with an adjusted pre-tax margin of 8.1%.
Additionally, United Airlines achieved diluted earnings per share of $9.45 for the year, while adjusted diluted earnings per share reached $10.61, aligning with the upper range of the 2024 guidance provided earlier in the year, which was set between $9.00 and $11.00.
Throughout 2024, United Airlines effectively implemented its United Next strategy. The company’s strategic investments have distinguished United in the market, leading to increased customer preference for its brand. In the fourth quarter, premium revenue rose by 10%, corporate revenue increased by 7%, and revenue from Basic Economy surged by 20% compared to the previous year. Furthermore, other revenue sources, including loyalty programs and cargo, experienced significant growth, with revenues rising by 12% and 30% year-over-year, respectively. Looking forward to 2025, United anticipates strong demand trends in the first quarter, with domestic revenue per available seat mile (RASM) expected to show solid year-over-year growth, alongside continued improvements in international RASM.
