Alaska Air Group Inc (ALK)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 235,000 | 58,000 | 478,000 | -1,324,000 | 769,000 |
| Revenue | US$ in thousands | 10,426,000 | 9,646,000 | 6,176,000 | 3,566,000 | 8,781,000 |
| Net profit margin | 2.25% | 0.60% | 7.74% | -37.13% | 8.76% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $235,000K ÷ $10,426,000K
= 2.25%
The net profit margin of Alaska Air Group Inc. has shown fluctuations over the past five years. In 2023, the net profit margin improved to 2.25%, indicating that the company was able to generate a higher percentage of profit relative to its total revenue. This increase from the previous year's margin of 0.60% suggests a positive trend in the company's profitability.
In 2021, Alaska Air Group Inc. achieved a notably high net profit margin of 7.74%, reflecting a strong profitability performance. However, in 2020, the company experienced a significant decline with a negative net profit margin of -37.13%, signaling that expenses exceeded revenue for that period.
The net profit margin rebounded in 2019 to 8.76%, indicating a healthy level of profitability for the company during that year. Overall, the varying net profit margins over the years demonstrate the company's ability to adapt to different market conditions and operational challenges, impacting its bottom line performance.
Peer comparison
Dec 31, 2023