Sun Country Airlines Holdings Inc (SNCY)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 52,903 | 72,181 | 17,676 | 81,248 |
| Revenue | US$ in thousands | 1,091,830 | 1,007,750 | 861,869 | 596,689 |
| Net profit margin | 4.85% | 7.16% | 2.05% | 13.62% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $52,903K ÷ $1,091,830K
= 4.85%
The net profit margin of Sun Country Airlines Holdings Inc has experienced fluctuations over the years. It stood at 13.62% on December 31, 2021, indicating a strong profitability level. However, there was a significant decline in profitability by December 31, 2022, with the net profit margin dropping to 2.05%. This sharp decrease suggests challenges in managing costs or generating revenue efficiently during that period.
By December 31, 2023, there was a notable improvement in the net profit margin, which increased to 7.16%. This uptick indicates better control over expenses or increased revenue generation. Nevertheless, the net profit margin decreased slightly to 4.85% by December 31, 2024, although it remained positive overall.
The fluctuation in the net profit margin of Sun Country Airlines Holdings Inc highlights the importance of closely monitoring financial performance to identify trends and address any issues affecting profitability in a timely manner.
Peer comparison
Dec 31, 2024