United Airlines Holdings Inc (UAL)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	17,924,000	13,759,000	7,317,000	-205,000	14,208,000
Revenue	US$ in thousands	51,951,000	43,302,000	23,067,000	13,673,000	42,560,000
Gross profit margin		34.50%	31.77%	31.72%	-1.50%	33.38%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $17,924,000K ÷ $51,951,000K
= 34.50%

The gross profit margin of United Airlines Holdings Inc has remained consistently at 100.00% from December 31, 2019, to December 31, 2023. This indicates that the company has been able to maintain a high level of profitability after deducting the direct costs of producing the goods or services sold. A gross profit margin of 100.00% suggests that the company is efficiently managing its production and operational costs relative to its revenue. This stability over the years reflects a strong performance in managing the cost of goods sold and optimizing revenue generation, which may contribute to the overall financial health and sustainability of United Airlines Holdings Inc.