Southwest Airlines Co. vs AECOM: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Industries

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses can offer valuable insights into a company's operational efficiency. This analysis juxtaposes the SG&A expense trends of Southwest Airlines Co. and AECOM from 2014 to 2023.

AECOM's Steady Climb

AECOM, a global infrastructure firm, has seen a consistent increase in its SG&A expenses, growing approximately 98% over the decade. This steady rise reflects the company's expanding operations and strategic investments in infrastructure projects worldwide.

Southwest Airlines Co.'s Volatility

Conversely, Southwest Airlines Co. experienced a more volatile trajectory. Notably, its SG&A expenses surged by over 1,800% from 2015 to 2016, coinciding with significant operational expansions. However, the pandemic-induced downturn in 2020 saw a temporary dip, followed by a robust recovery, peaking in 2023.

This comparative analysis underscores the diverse financial strategies employed by companies across different sectors.