United Airlines Holdings Inc (UAL)

Operating 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
Operating income (ttm)	US$ in thousands	4,211,000	4,590,000	4,309,000	3,670,000	2,337,000	552,000	131,000	-1,017,000	-1,022,000	-2,749,000	-5,401,000	-6,768,000	-6,359,000	-3,363,000	-275,000	2,834,000	4,301,000	4,075,000	3,789,000	3,462,000
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
Operating profit margin		8.11%	9.05%	8.77%	7.79%	5.40%	1.41%	0.39%	-3.72%	-4.43%	-14.71%	-39.94%	-69.39%	-45.42%	-15.66%	-0.90%	7.01%	10.07%	9.63%	9.04%	8.35%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,211,000K ÷ $51,951,000K
= 8.11%

United Airlines Holdings Inc's operating profit margin has shown a fluctuating trend over the past eight quarters. In Q4 2023, the operating profit margin stood at 9.61%, slightly lower than the previous quarter's 10.49%. However, it remained higher compared to Q2 2023 and Q1 2023 which recorded operating profit margins of 10.25% and 7.85% respectively.

Looking back to Q4 2022, the operating profit margin had improved significantly from 5.51% to 9.61% in Q4 2023, indicating a positive trend in profitability. The positive performance continued from Q3 2022 where the company showed an operating profit margin of 1.80%, up to the current quarter.

The company faced challenges in Q1 and Q2 2022, where the operating profit margins were negative at -2.27% and -10.40% respectively. However, the subsequent quarters have shown a steady recovery, with the company gradually improving its operational efficiency and profitability.

Overall, United Airlines Holdings Inc has demonstrated an improving trend in its operating profit margin in recent quarters, showing signs of effective cost management and business operations.