Sun Country Airlines Holdings Inc (SNCY)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 72,181 | 17,676 | 81,248 |
| Revenue | US$ in thousands | 1,007,750 | 861,869 | 596,689 |
| Net profit margin | 7.16% | 2.05% | 13.62% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $72,181K ÷ $1,007,750K
= 7.16%
The net profit margin of Sun Country Airlines Holdings Inc has displayed significant variations over the past three years. In 2021, the company's net profit margin was notably high at 12.43%, indicating that Sun Country Airlines was able to generate a considerable amount of net profit relative to its total revenue during that period. However, in 2022, the net profit margin declined to 1.98%, which may suggest challenges or inefficiencies impacting the company's profitability metrics.
The most recent data available for 2023 shows an improvement in the net profit margin to 6.88%, reflecting a recovery in the company's profitability and its ability to effectively manage costs and generate net income in relation to its revenue. It is essential for Sun Country Airlines Holdings Inc to continue monitoring and optimizing its operational efficiency and financial performance to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023