United Airlines reports higher fourth-quarter profit

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A United Airlines Boeing 787 taxis as a United Airlines Boeing 767 lands at San Francisco International Airport, San Francisco, California, February 7, 2015. REUTERS/Louis Nastro/File Photo (Copyright Reuters 2016)

United Continental Holdings Inc (UAL) on Tuesday reported a higher quarterly profit, helped by higher fares and more last-minute ticket purchases.

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United, the No. 3 U.S. carrier by passenger traffic, reported fourth-quarter net profit of $580 million, or $1.99 per share, compared with $397 million, or $1.26 per share, in the year-ago quarter.

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