Comparing SG&A Expenses: Howmet Aerospace Inc. vs Delta Air Lines, Inc. Trends and Insights

SG&A Expenses: A Tale of Two Industries

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of operational efficiency. This analysis juxtaposes the SG&A trends of Howmet Aerospace Inc. and Delta Air Lines, Inc. from 2014 to 2023.

Delta Air Lines, a titan in the aviation industry, saw its SG&A expenses peak in 2019, reaching nearly 3.6 billion dollars, before plummeting by over 80% in 2020 due to the pandemic's impact. By 2023, Delta's expenses rebounded to approximately 2.3 billion dollars, reflecting a strategic recalibration.

Conversely, Howmet Aerospace, a key player in the aerospace sector, maintained a more stable SG&A trajectory, with expenses averaging around 570 million dollars annually. Notably, 2020 marked a significant dip, aligning with global economic disruptions.

This comparative analysis underscores the resilience and adaptability of these industry leaders amidst economic fluctuations, offering valuable insights for investors and stakeholders alike.