SkyWest Inc (SKYW)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	34,342	72,953	111,910	-8,515	340,099
Revenue	US$ in thousands	2,890,360	2,963,230	2,652,290	2,033,210	2,971,960
Net profit margin		1.19%	2.46%	4.22%	-0.42%	11.44%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $34,342K ÷ $2,890,360K
= 1.19%

Skywest Inc.'s net profit margin has shown fluctuations over the past five years. In 2023, the net profit margin decreased to 1.17% from 2.43% in 2022, indicating a decrease in profitability. This decline follows a trend of decreasing profitability since 2019 when the net profit margin was at a high of 11.44%. The negative net profit margin in 2020 suggests that the company incurred a net loss that year. Overall, the decreasing trend in net profit margin highlights potential challenges in managing costs and generating profits effectively. Further analysis of the company's financial performance and operational efficiency may be warranted to address these fluctuations.