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Aircraft of United Airlines parked at the Washington Dulles International Airport on January 23, 2020. (Photo by JMS)

New York, United States — United Airlines offered an upbeat outlook on the state of travel demand Tuesday after reporting higher profits on solidly increased revenues.

Profits in the fourth quarter came in at a record $985 million, up 64 percent on an eight percent increase in revenues to $14.7 billion.

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Overall capacity rose 6.2 percent compared with the year-ago period, another sign of robust demand.

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READ: United Airlines Q2 profit rises to $1.32 billion

United sees “robust” demand continuing, the company said in a press release.

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“2024 was a strong year across the board for United,” said Chief Executive Scott Kirby.

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“We enter 2025 with demand trends continuing to accelerate which puts us on the path to double-digit pre-tax margins.”

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The quarter capped a year that saw the company operate at record levels in terms of flights and customers carried.

United projected first-quarter profits of between 75 cents and $1.25 per share, above analyst expectations.

The local currency lost 11.5 centavos to close at 57.02 versus the US dollar, its lowest finish since ending at 57.245 last Aug. 16.

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“Affordability has many dimensions to it. If we say that this fuel source is expensive today, that could not be true tomorrow,” Carlos Lorenzo Vega, vice president of First Gen Corp., told reporters on the sidelines of the Economic Journalists Association of the Philippines (EJAP)-AboitizPower Renewable Energy Forum last Friday.

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Shares jumped 2.9 percent in after-hours trading.

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