Operational Costs Compared: SG&A Analysis of Honeywell International Inc. and Southwest Airlines Co.

A Decade of SG&A: Honeywell vs. Southwest Airlines

In the ever-evolving landscape of corporate America, operational efficiency is paramount. Over the past decade, Honeywell International Inc. and Southwest Airlines Co. have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. Honeywell, a stalwart in the industrial sector, saw its SG&A expenses peak in 2018, only to decline by approximately 23% by 2023. Meanwhile, Southwest Airlines, a leader in the aviation industry, experienced a dramatic rise in SG&A expenses, surging nearly 1,800% from 2014 to 2023. This divergence highlights the distinct strategic priorities and market challenges faced by these giants. Honeywell's focus on cost optimization contrasts with Southwest's investment in growth and customer service. As we navigate the complexities of the modern economy, these insights offer a window into the strategic maneuvers of two industry titans.