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United Stock Gains on Stronger-Than-Expected Results, Upbeat Outlook
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Main points
- Shares of United Airlines rose in premarket trading Wednesday after Chicago-based United Airlines reported better-than-expected fourth-quarter results and gave an upbeat outlook for the current quarter.
- Premium income increased by 10% year-on-year in the fourth quarter.
- Manchester United’s share price has almost tripled in the past 12 months.
United Airlines (University of London College of ArtShares rose in premarket trading Wednesday after the Chicago-based airline reported better-than-expected fourth-quarter results and gave an upbeat outlook for the current quarter.
United Airlines reported an adjusted profit of $3.26 per share, with revenue rising nearly 8% year-on-year to $14.7 billion. Analysts polled by Visible Alpha expected $3.06 and $14.39 billion respectively.
Like rival Delta Air Lines (Dar) Revenue surged earlier this month Premium Ticket Sales boosted earnings. United’s premium income rose 10%, driving passenger revenue up 7% to $13.28 billion.
United expects first-quarter adjusted earnings per share to top expectations
Manchester United also said it expected to make adjustments Earnings per share (EPS) Prices for the first quarter of fiscal 2025 range from $0.75 to $1.25, with the midpoint well above the visible alpha consensus of $0.85.
United shares rose nearly 4% in premarket trading, nearly tripling in value over the past 12 months.
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