Allegiant Travel Company (ALGT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	117,596	2,493	151,853	-184,093	232,117
Revenue	US$ in thousands	2,509,860	2,301,830	1,707,910	990,073	1,840,960
Net profit margin		4.69%	0.11%	8.89%	-18.59%	12.61%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $117,596K ÷ $2,509,860K
= 4.69%

The net profit margin of Allegiant Travel has experienced fluctuations over the past five years. In 2023, the net profit margin stood at 4.52%, a significant improvement from the previous year's margin of 0.11%. This suggests that the company was more effective in converting its revenue into profit in 2023.

Comparing to 2021 and 2020, the net profit margin in 2023 appears lower, as both those years had higher margins of 8.76% and -18.62% respectively. The negative net profit margin in 2020 indicates that the company incurred a net loss for that year.

In contrast to the significant decline in 2020, the net profit margin in 2019 was notably higher at 12.42%. This implies that Allegiant Travel was more profitable in 2019 compared to 2023.

Overall, while the net profit margin has shown variability, the improvement in 2023 indicates that Allegiant Travel may have implemented strategies to enhance profitability and efficiency in its operations. Further analysis of the company's financial performance and operational activities would provide a more comprehensive understanding of the factors influencing its net profit margin.