United Airlines Holdings Inc (UAL)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,168,000 | 3,387,000 | 990,000 | -2,557,000 | -8,822,000 |
| Revenue | US$ in thousands | 57,063,000 | 53,717,000 | 44,955,000 | 24,634,000 | 15,355,000 |
| Pretax margin | 7.30% | 6.31% | 2.20% | -10.38% | -57.45% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,168,000K ÷ $57,063,000K
= 7.30%
The pretax margin of United Airlines Holdings Inc has shown significant improvement over the years based on the provided data.
As of December 31, 2020, the pretax margin was -57.45%, indicating that the company incurred substantial losses before taxes that year. However, by December 31, 2021, the pretax margin improved to -10.38%, showing a significant reduction in losses compared to the previous year.
The trend of improvement continued into 2022, with the pretax margin turning positive at 2.20%, signifying that the company started generating a profit before taxes. This positive momentum was sustained in 2023, as the pretax margin increased to 6.31%, indicating further profitability growth.
By the end of December 31, 2024, the pretax margin further improved to 7.30%, demonstrating that United Airlines Holdings Inc was able to enhance its operational efficiency and profitability over the years.
Overall, the increasing pretax margins reflect the company's efforts in managing costs, improving revenue generation, and enhancing overall financial performance.
Peer comparison
Dec 31, 2024