Operational Costs Compared: SG&A Analysis of Delta Air Lines, Inc. and Ryanair Holdings plc

A Tale of Two Airlines: SG&A Expenses Over a Decade

In the competitive skies of the airline industry, operational efficiency is key. This analysis of Selling, General, and Administrative (SG&A) expenses from 2014 to 2024 reveals intriguing insights into the financial strategies of Delta Air Lines, Inc. and Ryanair Holdings plc.

Delta Air Lines, a major player in the U.S., saw its SG&A expenses peak in 2019, with a notable 30% increase from 2014. However, the pandemic year of 2020 marked a dramatic 84% drop, reflecting the industry's turbulence. By 2023, Delta's expenses rebounded to 84% of their 2019 peak.

In contrast, Ryanair, Europe's low-cost leader, maintained a more consistent trajectory. From 2014 to 2024, Ryanair's SG&A expenses grew by nearly 300%, showcasing its aggressive expansion strategy. The year 2023 marked a significant 64% increase from 2022, highlighting its resilience and adaptability in a post-pandemic world.