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United Airlines reported a successful financial year in 2024, ending with strong fourth-quarter results that surpassed expectations. The airline attributed its performance to the 'United Next' plan and investments that distinguished it from competitors. "Set the company record for most customers carried in a year at nearly 174 million system wide and an average of 4,340 daily flights, operating 145 more mainline flights per day compared to 2023," United Airlines stated.
In Q4 2024, United's premium revenue increased by 10% year-on-year (YoY), while corporate and basic economy income rose by 7% and 20%, respectively. Other revenue streams such as loyalty programs and cargo also saw significant growth, with increases of 12% and 30%. Operating revenues during the quarter reached $14.7 billion, marking a rise of 7.8%, while net income grew to $1 billion, resulting in diluted earnings per share (EPS) of $2.95.
For the full year, United Airlines reported a net income of $3.1 billion and an adjusted net income of $3.5 billion, with operating revenues totaling $57 billion—a YoY increase of 6.2%. The airline carried 173.6 million passengers in 2024, representing a YoY increase of 5.3%, despite a slight decline in load factor to 83.1%.
