United Airlines Holdings Inc (UAL)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	19,420,000	15,199,000	10,640,000	721,000	-5,030,000
Revenue	US$ in thousands	57,063,000	53,717,000	44,955,000	24,634,000	15,355,000
Gross profit margin		34.03%	28.29%	23.67%	2.93%	-32.76%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $19,420,000K ÷ $57,063,000K
= 34.03%

United Airlines Holdings Inc's gross profit margin has shown a significant improvement over the years based on the provided data. Starting at a negative margin of -32.76% on December 31, 2020, the company turned around its performance and achieved a positive gross profit margin of 2.93% by December 31, 2021. This indicates that the company was able to better control its direct costs relative to its revenue.

Moreover, the trend continued positively with a substantial increase in the gross profit margin to 23.67% by December 31, 2022, demonstrating enhanced efficiency in managing its cost of goods sold. By December 31, 2023, the gross profit margin further improved to 28.29%, indicating a strengthening position in generating profit from its core operations.

The most recent data point of December 31, 2024, shows an even higher gross profit margin of 34.03%, reflecting a notable growth in profitability and potentially higher revenues relative to direct costs. This trend suggests that United Airlines Holdings Inc has been successful in controlling its production and distribution costs while potentially increasing its pricing or sales volume.

Overall, the consistent improvement in United Airlines Holdings Inc's gross profit margin signals positive financial health and operational efficiency, which could bode well for the company's future profitability and sustainability.