Breaking Down SG&A Expenses: Ryanair Holdings plc vs American Airlines Group Inc.

A Tale of Two Airlines: SG&A Expenses Over the Years

In the competitive skies of the airline industry, managing costs is crucial for profitability. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Ryanair Holdings plc and American Airlines Group Inc. from 2014 to 2023. American Airlines, a major player in the U.S., consistently reported higher SG&A expenses, peaking in 2022 with a 29% increase from 2016. In contrast, Ryanair, Europe's low-cost leader, maintained a leaner cost structure, with expenses rising by 131% over the same period. Notably, 2020 marked a significant dip for American Airlines, reflecting the pandemic's impact, while Ryanair's expenses surged by 98% in 2023, indicating strategic investments. Missing data for American Airlines in 2024 suggests a potential shift or reporting delay. This comparison highlights the diverse strategies airlines employ to navigate economic challenges and opportunities.