Sun Country Airlines Holdings Inc (SNCY)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross profit	US$ in thousands	343,720	237,498	186,835
Revenue	US$ in thousands	1,007,750	861,869	596,689
Gross profit margin		34.11%	27.56%	31.31%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $343,720K ÷ $1,007,750K
= 34.11%

The gross profit margin of Sun Country Airlines Holdings Inc has remained consistent at 100% for the past three years, including as of December 31, 2023. This indicates that the company is effectively managing its direct costs related to providing its services, resulting in a high level of gross profit relative to its revenue. The stability of the gross profit margin suggests that Sun Country Airlines Holdings Inc has been able to maintain its pricing strategies and control production costs effectively over the years.