SkyWest Inc (SKYW)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	104,069	181,162	275,867	108,802	512,258
Revenue	US$ in thousands	2,890,360	2,963,230	2,652,290	2,033,210	2,971,960
Operating profit margin		3.60%	6.11%	10.40%	5.35%	17.24%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $104,069K ÷ $2,890,360K
= 3.60%

The operating profit margin of Skywest Inc. has shown fluctuation over the past five years. In 2023, the operating profit margin decreased to 3.55%, down from 6.03% in 2022 but significantly higher than the negative margins reported in 2021 and 2020. The negative margins in 2021 (-2.29%) and 2020 (-11.13%) indicate challenges in generating profits from core operations during those periods. The substantial increase in the operating profit margin in 2019 (17.97%) suggests a strong performance in that year. Overall, the company's operating profit margin performance has been inconsistent, signaling potential volatility in its ability to generate profits from its operations.