United Airlines posts 4Q profit of $US140m

United Airlines posted a growth in fourth quarter earnings with an increase in passenger numbers. Source: AAP

THE parent of United Airlines has earned $US140 million ($A158.60 million) in the fourth quarter, as more passengers flew and paid more for their tickets.

The airline's fuel bill also shrank.

Net income at United Continental Holdings Inc was $US140 million, or 37 US cents per share. A year earlier it lost $US620 million, or $US1.87 per share.

Not counting special charges, United would have earned 78 US cents per share - well above the 66 US cents expected by analysts surveyed by FactSet.

Revenue rose more than seven per cent to $US9.33 billion, also higher than analysts had expected.

Passengers paid three per cent more per mile to fly compared to a year earlier. They paid more in add-on fees, too. United said so-called ancillary revenue, which covers items such as baggage fees, rose 15 per cent in the quarter to nearly $US21 per passenger.

Fuel expenses fell four per cent to $US2.97 billion for the quarter.

United said in November that it intends to cut $US2 billion in annual costs. The company is still working to integrate Continental after their 2010 merger. Although all the paint on the planes and the signs at the ticket counters read "United," the company still has to schedule flight crews and planes separately for the two airlines, reducing the savings from the merger.

"Our goals for 2014 are to provide even more reliable operations, great customer service and materially better financial performance," chairman and chief executive Jeff Smisek said in a written statement on Thursday.

For the full year, United earned $US571 million, after losing $US723 million in 2012.

Shares of Chicago-based United Continental fell 3.4 per cent in premarket trading to $US47.50. They set a new 52-week high on Wednesday at $US49.20.

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