Sun Country Airlines Holdings Inc (SNCY)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 94,159 | 23,982 | 100,330 |
| Revenue | US$ in thousands | 1,007,750 | 861,869 | 596,689 |
| Pretax margin | 9.34% | 2.78% | 16.81% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $94,159K ÷ $1,007,750K
= 9.34%
Sun Country Airlines Holdings Inc's pretax margin has demonstrated significant fluctuations over the past three years. In 2021, the company achieved a robust pretax margin of 15.32%, indicating efficient cost control and profitability before accounting for taxes. However, this margin experienced a decline in 2022, dropping to 2.68%, potentially due to increased operating expenses or other factors impacting the company's bottom line.
The most recent data for 2023 shows a recovery in the pretax margin to 8.97%, reflecting an improvement in the company's ability to generate profits relative to its revenue. While the 2023 pretax margin still remains below the level observed in 2021, the upward trend suggests a positive trajectory in the company's financial performance.
Further analysis of the factors influencing Sun Country Airlines Holdings Inc's pretax margin across these periods, such as changes in operating expenses, revenue growth, and economic conditions, would be necessary to understand the dynamics driving these fluctuations.
Peer comparison
Dec 31, 2023