Alaska Air Group's gross profit for the
three
months ended in Mar. 2024 was $150 Mil. Alaska Air Group's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $1,898 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Alaska Air Group's gross profit for the
three
months ended in Mar. 2024 was $150 Mil. Alaska Air Group's Revenue for the
three
months ended in Mar. 2024 was $2,232 Mil. Therefore, Alaska Air Group's Gross Margin % for the quarter that ended in Mar. 2024 was 6.72%.
Alaska Air Group had a gross margin of 6.72% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Alaska Air Group was 34.40%. The lowest was -11.61%. And the median was 22.23%.
Alaska Air Group Gross Profit Historical Data
The historical data trend for Alaska Air Group's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Alaska Air Group's Gross Profit
For the Airlines subindustry, Alaska Air Group's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alaska Air Group's Gross Profit Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Alaska Air Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Alaska Air Group's Gross Profit falls into.
Alaska Air Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Alaska Air Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,898 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Alaska Air Group (NYSE:ALK) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Alaska Air Group had a gross margin of 6.72% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage
Alaska Air Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Alaska Air Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Alaska Air Group (Alaska Air Group) Business Description
Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.
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