Sun Country Airlines Holdings Inc (SNCY)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Gross profit (ttm) US$ in thousands 387,458 357,126 348,204 352,390 344,274 333,538 321,374 281,661 237,501 366,890 363,731 361,234 323,736
Revenue (ttm) US$ in thousands 1,080,718 1,039,171 1,027,174 1,022,640 1,007,754 992,038 968,772 930,950 861,871 815,190 768,360 699,444 603,528
Gross profit margin 35.85% 34.37% 33.90% 34.46% 34.16% 33.62% 33.17% 30.26% 27.56% 45.01% 47.34% 51.65% 53.64%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $387,458K ÷ $1,080,718K
= 35.85%

The gross profit margin of Sun Country Airlines Holdings Inc has shown some fluctuations over the analyzed period, starting at a relatively high level of 53.64% in December 31, 2021. It then experienced a decline to 27.56% by December 31, 2022, which may have raised concerns about the company's profitability. However, there was a gradual improvement in the gross profit margin in the following quarters, reaching 35.85% by December 31, 2024.

Overall, the trend indicates that the company's ability to generate profits from its core operations improved after the initial decline. It is essential to assess the reasons behind the fluctuations in the gross profit margin, such as changes in pricing strategies, production costs, or revenue streams, to gain a more comprehensive understanding of Sun Country Airlines Holdings Inc's financial performance.