United Airlines Holdings Inc (UAL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,211,000 | 2,337,000 | -1,022,000 | -6,359,000 | 4,301,000 |
| Revenue | US$ in thousands | 51,951,000 | 43,302,000 | 23,067,000 | 13,673,000 | 42,560,000 |
| Operating profit margin | 8.11% | 5.40% | -4.43% | -46.51% | 10.11% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,211,000K ÷ $51,951,000K
= 8.11%
United Airlines Holdings Inc's operating profit margin has experienced fluctuations over the past five years. In 2023, the operating profit margin improved to 9.61%, showing a positive trend compared to the previous year when it was 5.51%. This indicates that the company's profitability from its core operations has strengthened in the most recent period.
However, when examining a longer timeframe, the operating profit margin has shown significant variability. In 2021 and 2020, the company reported negative operating profit margins of -17.82% and -58.45% respectively, reflecting challenges and losses in those years.
In 2019, United Airlines Holdings Inc had a strong operating profit margin of 10.51%, showing a much better performance compared to the years that followed.
Overall, while the recent improvement in the operating profit margin is a positive sign for the company, the historical trend indicates that United Airlines Holdings Inc has experienced periods of both strength and weakness in its operating profitability.
Peer comparison
Dec 31, 2023