Cost Management Insights: SG&A Expenses for Howmet Aerospace Inc. and AerCap Holdings N.V.

Navigating Cost Management: A Tale of Two Aerospace Giants

In the ever-evolving aerospace industry, effective cost management is crucial for maintaining competitive advantage. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Howmet Aerospace Inc. and AerCap Holdings N.V. from 2014 to 2023. Over this period, Howmet Aerospace Inc. experienced a significant reduction in SG&A expenses, dropping by approximately 55% from 2014 to 2023. This strategic cost-cutting reflects their focus on operational efficiency and streamlined processes. In contrast, AerCap Holdings N.V. saw a 55% increase in SG&A expenses, indicating potential investments in growth and expansion strategies. The year 2020 marked a pivotal point for both companies, with Howmet's expenses plummeting to their lowest, while AerCap's expenses began a steady climb. These trends highlight the diverse approaches to cost management within the aerospace sector, offering valuable insights for industry stakeholders.