SG&A Expenses: A Tale of Two Industries

A Decade of Financial Insights

Over the past decade, Delta Air Lines, Inc. and Masco Corporation have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses, reflecting the unique challenges and strategies of the airline and manufacturing sectors. From 2014 to 2023, Delta's SG&A expenses fluctuated significantly, peaking in 2019 before a sharp decline in 2020, likely due to the pandemic's impact on the travel industry. In contrast, Masco's expenses remained relatively stable, with a modest increase of about 15% over the same period.

Key Insights

Delta's expenses in 2020 plummeted by nearly 84% compared to 2019, highlighting the airline's cost-cutting measures during the global crisis. Meanwhile, Masco's consistent expense management underscores its resilience and adaptability in the face of economic shifts. Notably, data for 2024 is incomplete, suggesting ongoing financial adjustments.

These insights offer a window into how different industries navigate economic landscapes, providing valuable lessons for investors and analysts alike.