SkyWest Inc (SKYW)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	40,309	-45,807	-13,405	41,705	92,583	159,300	116,757	125,383	150,610	104,977	136,978	22,363	11,454	202,614	275,141	423,718	499,083	493,772	484,959	467,951
Revenue (ttm)	US$ in thousands	2,890,358	2,814,694	2,837,558	2,914,438	2,963,235	3,042,161	3,003,665	2,857,719	2,652,287	2,485,562	2,186,191	1,875,348	2,067,711	2,238,559	2,531,539	2,912,994	2,971,964	3,101,452	3,170,241	3,235,332
Pretax margin		1.39%	-1.63%	-0.47%	1.43%	3.12%	5.24%	3.89%	4.39%	5.68%	4.22%	6.27%	1.19%	0.55%	9.05%	10.87%	14.55%	16.79%	15.92%	15.30%	14.46%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $40,309K ÷ $2,890,358K
= 1.39%

Based on the data provided, Skywest Inc.'s pretax margin has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 1.37%, indicating that the company generated $0.0137 in pretax profit for every dollar of revenue. This represents a slight improvement compared to the previous quarter's negative pretax margin of -1.60%.

However, when compared to the same quarter in the previous year (Q4 2022), the pretax margin has declined significantly from 3.08% to 1.37%, suggesting a decrease in profitability efficiency.

The overall trend in pretax margin for Skywest Inc. appears to have been declining over the past year, with a peak of 5.14% in Q3 2022. It is essential for the company to closely monitor and address the factors contributing to the fluctuations in pretax margin to ensure sustainable profitability in the future.