United Airlines reported strong fourth-quarter earnings and revenue, and better-than-expected first-quarter forecasts, surpassing analysts’ expectations.The Chicago-based carrier reported fourth-quarter adjusted earnings of $3.

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.

Shares of major airlines traded higher after-hours on Tuesday, following a positive earnings report from United Airlines that surpassed Wall Street expectations. American Airlines (NASDAQ:AAL) saw a 1.