United Airlines shares surged over 4% in extended trading after the carrier delivered fourth-quarter results that topped Wall Street estimates. Revenue hit a record $15.4 billion, and diluted EPS of $3.19 beat the $2.96 consensus. The airline credited strong demand from premium and loyalty customers for the performance.

This marks United's highest-revenue quarter ever, with premium revenue up 9% and loyalty revenue rising 10% year-over-year. Full-year 2025 adjusted EPS came in at $10.62, and the carrier expects to be the only major U.S. airline to grow earnings that year. A November government shutdown cost about $250 million in pre-tax earnings.

Looking ahead, United forecast 2026 adjusted EPS between $12 and $14, signaling continued growth. The airline plans to take delivery of over 120 new aircraft and expand its network, betting on sustained travel demand. CEO Scott Kirby stated the strong revenue momentum has carried into early 2026.