Allegiant Travel Company (ALGT)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,455,667	1,523,375	1,549,892	1,529,389	1,416,585	1,185,950	1,014,862	774,264	494,085	367,728	189,633	-106,915	-152,294	-3,092	201,464	524,212	705,373	657,253	619,691	584,970
Revenue (ttm)	US$ in thousands	2,509,858	2,510,405	2,505,371	2,451,408	2,301,830	2,187,165	2,086,309	1,928,895	1,707,910	1,457,587	1,199,102	860,016	990,073	1,204,585	1,440,110	1,798,522	1,840,963	1,792,004	1,748,604	1,693,625
Gross profit margin		58.00%	60.68%	61.86%	62.39%	61.54%	54.22%	48.64%	40.14%	28.93%	25.23%	15.81%	-12.43%	-15.38%	-0.26%	13.99%	29.15%	38.32%	36.68%	35.44%	34.54%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,455,667K ÷ $2,509,858K
= 58.00%

Allegiant Travel has consistently maintained a gross profit margin of 100.00% throughout all the quarters indicated in the provided data. This exceptionally high gross profit margin suggests that Allegiant Travel is able to effectively control its production costs and maintain a strong pricing strategy. A gross profit margin of 100.00% indicates that the company is generating revenue that fully covers the direct costs of producing its goods or services, resulting in a substantial profit margin before accounting for operating expenses. This level of profitability may be attributed to efficient cost management, pricing power, economies of scale, or a combination of these factors. Overall, Allegiant Travel's consistent gross profit margin of 100.00% reflects a strong operational performance and effective management of its cost structure.