United Airlines Holdings Inc (UAL)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	17,137,000	9,237,000	9,241,000	11,530,000	13,126,000	15,082,000	14,390,000	12,535,000	10,640,000	8,356,000	5,960,000	2,813,000	721,000	-1,945,000	-5,263,000	-7,668,000	-5,030,000	-614,000	4,873,000	10,931,000
Revenue (ttm)	US$ in thousands	57,063,000	55,994,000	55,635,000	54,827,000	53,717,000	52,491,000	50,884,000	48,818,000	44,955,000	40,747,000	35,620,000	28,979,000	24,634,000	19,854,000	14,593,000	10,597,000	15,355,000	22,831,000	31,722,000	41,649,000
Gross profit margin		30.03%	16.50%	16.61%	21.03%	24.44%	28.73%	28.28%	25.68%	23.67%	20.51%	16.73%	9.71%	2.93%	-9.80%	-36.07%	-72.36%	-32.76%	-2.69%	15.36%	26.25%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $17,137,000K ÷ $57,063,000K
= 30.03%

The gross profit margin of United Airlines Holdings Inc has exhibited fluctuations over the reporting periods provided.

From March 31, 2020, to December 31, 2021, the gross profit margin showed a negative trend, declining from 26.25% to -32.76%, indicating challenges in generating profits from sales after deducting the cost of goods sold. This downward trajectory continued into the first half of 2021, with the margin reaching as low as -72.36% on March 31, 2021.

However, a turnaround started in the latter half of 2021, with the gross profit margin improving to 2.93% by December 31, 2021. This positive trend accelerated in 2022 and 2023, with the margin increasing steadily to reach a peak of 30.03% by December 31, 2024.

The improvements observed from late 2021 through 2024 indicate enhanced efficiency in managing production costs or increased pricing power, resulting in a healthier margin. It is important to monitor this ratio in future periods to assess the company's ability to maintain and potentially enhance its profitability levels.