Sun Country Airlines Holdings Inc (SNCY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 127,500 | 55,708 | 111,947 |
| Revenue | US$ in thousands | 1,007,750 | 861,869 | 596,689 |
| Operating profit margin | 12.65% | 6.46% | 18.76% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $127,500K ÷ $1,007,750K
= 12.65%
The operating profit margin of Sun Country Airlines Holdings Inc has shown improvement over the past three years. In 2023, the operating profit margin increased to 12.15% from 6.23% in 2022 and 6.67% in 2021. This indicates that the company's ability to generate profit from its core operations has strengthened significantly. The rising trend in operating profit margin suggests better cost management and operational efficiency within the company, which could be attributed to strategic business decisions and improvements in revenue generation. Overall, the upward trajectory of Sun Country Airlines Holdings Inc's operating profit margin reflects positively on its financial performance and management effectiveness.
Peer comparison
Dec 31, 2023