United Airlines reports best ever OTP performance and 9.9% revenue boost in Q4 2023 results

United Airlines has reported its best ever quarterly on-time performance (OTP) in the company’s history in its full year and fourth quarter 2023 financial results. Its total operating revenue for Q4 reached $13.6bn, which is up 9.9% compared to same period 2022. Capacity was also up 14.7% in Q4. The company’s Q4 diluted earnings per share were $1.81, which was a 29% decrease from Q4 2022, while full year diluted earnings per share were $7.89. The company reported reported a net income of $2.6bn for 2023, up from $737 million in 2022. United’s premium cabin saw an increase in revenue