United Airlines Holdings Inc (UAL)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	17,924,000	17,835,000	17,089,000	15,796,000	13,759,000	11,555,000	10,131,000	8,081,000	7,317,000	8,959,000	4,972,000	2,475,000	2,071,000	9,268,000	14,093,000	18,858,000	21,679,000	21,111,000	20,653,000	20,410,000
Revenue (ttm)	US$ in thousands	51,951,000	50,709,000	49,119,000	47,117,000	43,302,000	39,125,000	33,995,000	27,348,000	23,067,000	18,683,000	13,524,000	9,753,000	14,000,000	21,476,000	30,513,000	40,437,000	42,706,000	42,309,000	41,928,000	41,485,000
Gross profit margin		34.50%	35.17%	34.79%	33.53%	31.77%	29.53%	29.80%	29.55%	31.72%	47.95%	36.76%	25.38%	14.79%	43.16%	46.19%	46.64%	50.76%	49.90%	49.26%	49.20%

December 31, 2023 calculation

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

Based on the data provided for United Airlines Holdings Inc, the gross profit margin has consistently been reported at 100.00% across all quarters from Q1 2022 to Q4 2023. This indicates that the company has been able to effectively manage its cost of goods sold and generate significant profitability from its operations. A gross profit margin of 100.00% suggests that the company is efficiently controlling its production costs relative to its revenue, which is a positive sign for its financial health and operational efficiency. It indicates that the company is able to sell its products or services at a price that covers the cost of goods sold with a wide margin, potentially leading to strong earnings and overall financial performance. Additional analysis could delve into the reasons behind this consistent performance and assess its sustainability over the long term.