United Airlines posted better-than-estimated fourth-quarter results and gave a bullish current-quarter outlook on the back of increased consumer demand for premium travel.

United Airlines shows promising growth with strong Q4 earnings and strategic plans for the future. Find out my raised price target for UAL stock.

Shares of United Airlines rallied in after-hours trading Tuesday, as a record number of travelers lifted fourth-quarter results and the company offered an upbeat forecast for the first quarter.

United Airlines on Tuesday forecast a stronger-than-expected profit in the current quarter, after its earnings topped Wall Street estimates in the fourth quarter on robust travel demand and improved pricing power.

Key Takeaways Like rival Delta Air Lines, United Airlines posted a sizable increase in quarterly premium revenue, notching 10% year-over-year gains.On its earnings call Wednesday morning, United executives made frequent note of their basic economy offerings after the carrier reported 20% revenue improvement for its cheapest tickets.

United Airlines Holdings Inc. predicted first-quarter profit well ahead of Wall Street’s estimates as the carrier capitalizes on unusually strong demand for premium and international travel during the winter months.

The Chicago-based carrier reported fourth-quarter adjusted earnings of $3.26 per share, above the $3.03 a share analysts expected.