Delta Air Lines, Inc. or Curtiss-Wright Corporation: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Giants

In the competitive world of aviation and engineering, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Delta Air Lines, Inc. and Curtiss-Wright Corporation, two industry leaders, have shown distinct approaches over the past decade. From 2014 to 2023, Curtiss-Wright consistently maintained its SG&A expenses around $430 million annually, showcasing a stable cost management strategy. In contrast, Delta Air Lines experienced more volatility, with expenses peaking in 2019 at over $3.6 billion before dropping significantly in 2020, likely due to pandemic-related adjustments.

Curtiss-Wright's steady approach reflects a disciplined cost structure, while Delta's fluctuations highlight the challenges faced by airlines in managing overheads amidst external pressures. As of 2023, Delta's SG&A expenses have stabilized around $2.3 billion, indicating a recovery phase. This comparison underscores the importance of strategic cost management in sustaining long-term growth and competitiveness.