Comparing SG&A Expenses: United Airlines Holdings, Inc. vs U-Haul Holding Company Trends and Insights

A Tale of Two Giants: SG&A Expenses in the Airline and Moving 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 compares the SG&A expenses of United Airlines Holdings, Inc. and U-Haul Holding Company from 2014 to 2023.

United Airlines, a titan in the aviation industry, consistently reported higher SG&A expenses, peaking in 2023 with a staggering 1.98 billion dollars. This represents a 44% increase from its lowest point in 2020, reflecting the airline's recovery and expansion post-pandemic.

Conversely, U-Haul, a leader in the moving and storage sector, showed a more conservative trend. Its SG&A expenses peaked in 2014 and gradually declined, reaching a low of 32.65 million dollars in 2024. This 87% reduction highlights U-Haul's strategic cost management.

The data reveals a fascinating divergence in financial strategies, with United Airlines focusing on growth and U-Haul emphasizing efficiency.