United Airlines Holdings Inc (UAL)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,618,000 | 737,000 | -1,964,000 | -7,069,000 | 3,009,000 |
| Revenue | US$ in thousands | 51,951,000 | 43,302,000 | 23,067,000 | 13,673,000 | 42,560,000 |
| Net profit margin | 5.04% | 1.70% | -8.51% | -51.70% | 7.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,618,000K ÷ $51,951,000K
= 5.04%
United Airlines Holdings Inc's net profit margin has fluctuated over the past five years. In 2023, the net profit margin improved significantly to 4.87%, indicating that the company generated a higher percentage of net income from its total revenue compared to the previous year. This positive trend may suggest improved cost management, revenue growth, or operational efficiencies.
In 2022, the net profit margin was 1.64%, showing a slight increase from the previous year but still relatively low. The negative net profit margins in 2021 and 2020 (-7.97% and -46.04%, respectively) indicate that the company incurred losses during those periods, possibly due to challenges such as the impact of the COVID-19 pandemic on the airline industry.
The significant recovery in 2023 following the previous years' losses is a positive sign for United Airlines Holdings Inc. However, the company may need to maintain this profitability trend in the future to ensure sustainable financial performance and shareholder value.
Peer comparison
Dec 31, 2023