XPO Logistics, Inc. and American Airlines Group Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the world of logistics and aviation, XPO Logistics, Inc. and American Airlines Group Inc. have showcased intriguing trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, American Airlines' SG&A expenses fluctuated, peaking in 2022 with a 29% increase from its 2016 low. Meanwhile, XPO Logistics saw a dramatic rise, with expenses soaring by over 400% from 2014 to 2020, before a sharp decline in 2023. This divergence highlights the contrasting strategies and market conditions faced by these industry leaders. While American Airlines navigated the turbulent skies of the pandemic, XPO Logistics capitalized on the e-commerce boom, only to face a downturn as market dynamics shifted. These patterns offer a window into the strategic priorities and challenges of two major players in their respective fields.