United Airlines Holdings Inc (UAL)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,387,000 | 3,746,000 | 3,414,000 | 2,486,000 | 990,000 | -985,000 | -1,535,000 | -2,558,000 | -2,557,000 | -4,085,000 | -7,020,000 | -8,459,000 | -8,822,000 | -5,605,000 | -1,924,000 | 1,433,000 | 3,914,000 | 3,623,000 | 3,332,000 | 2,833,000 |
| 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 |
| Pretax margin | 6.52% | 7.39% | 6.95% | 5.28% | 2.29% | -2.52% | -4.52% | -9.35% | -11.09% | -21.86% | -51.91% | -86.73% | -63.01% | -26.10% | -6.31% | 3.54% | 9.16% | 8.56% | 7.95% | 6.83% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,387,000K ÷ $51,951,000K
= 6.52%
Pretax margin is a key financial metric that reflects the efficiency of a company in generating profits before taxes relative to its total revenue. Looking at the trend of United Airlines Holdings Inc's pretax margin over the past eight quarters, there is a notable improvement from the negative margins in the first two quarters of 2022 to positive margins in the subsequent quarters.
In the most recent quarter of Q4 2023, United Airlines Holdings Inc reported a pretax margin of 6.31%, which represents a slightly lower profitability compared to the previous quarter but still reflects a positive financial performance. The company's pretax margin has generally been increasing over the past quarters, indicating better cost management and operational efficiency.
It is essential for investors and stakeholders to continue monitoring United Airlines Holdings Inc's pretax margin in the future to assess the company's ability to sustain and further improve its profitability levels.
Peer comparison
Dec 31, 2023