Allegiant Travel Company (ALGT)

Net 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
Net income (ttm)	US$ in thousands	117,596	172,027	150,634	66,523	2,493	-39,279	46,434	137,103	151,853	112,312	43,915	-144,215	-184,093	-94,734	-21,662	141,984	232,117	213,042	184,260	163,733
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
Net profit margin		4.69%	6.85%	6.01%	2.71%	0.11%	-1.80%	2.23%	7.11%	8.89%	7.71%	3.66%	-16.77%	-18.59%	-7.86%	-1.50%	7.89%	12.61%	11.89%	10.54%	9.67%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $117,596K ÷ $2,509,858K
= 4.69%

The net profit margin of Allegiant Travel has shown fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 4.52%, reflecting the company's ability to convert a higher percentage of revenue into profit compared to the previous quarter. However, it is important to note that the net profit margin was significantly higher in Q3 2023 at 6.64%.

Looking further back, in Q2 2023, the net profit margin was 5.82%, indicating a slightly lower profitability compared to the preceding quarter. Q1 2023 saw a lower net profit margin of 2.66%, suggesting a decline in profitability.

In contrast, Q4 2022 had a net profit margin of 0.11%, indicating a significant improvement from the negative net profit margin in Q3 2022 (-1.81%). The trend continued to improve in Q2 2022 with a net profit margin of 2.18%, followed by a substantial increase to 7.00% in Q1 2022, reflecting a strong profitability performance.

Overall, the fluctuation in Allegiant Travel's net profit margin indicates variability in the company's ability to generate profit relative to its revenue. The management may need to assess the factors influencing these fluctuations to ensure sustained profitability in the future.