KEY TAKEAWAYS United Airlines posted better-than-estimated fourth-quarter results and gave a bullish current-quarter outlook on the back of increased consumer demand for premium travel.Premium revenue rose 10% year-over-year in the fourth quarter.

United Airlines stock eyed a new high Wednesday after its Q4 beat late Tuesday. Revenue increased across the board.

United Airlines reported fourth-quarter revenue of $14.7 billion, beating the consensus estimate of $14.4 billion.

United Airlines Holdings Inc. predicted first-quarter profit well ahead of Wall Street’s estimates as the carrier capitalizes on unusually strong demand for premium and international travel during the winter months.

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.

The Chicago-based carrier reported fourth-quarter adjusted earnings of $3.26 per share, above the $3.03 a share analysts expected.

United Airlines forecast first-quarter adjusted earnings of 75 cents to $1.25 a share. The company will hold a conference call with analysts Wednesday at 10:30 a.m. ET. The carrier has been ramping up competition with Delta Air Lines for high-spending travelers.