SG&A Efficiency Analysis: Comparing Trane Technologies plc and Delta Air Lines, Inc.

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Trane Technologies plc and Delta Air Lines, Inc. offer a fascinating study in contrasts over the past decade. From 2014 to 2023, Delta Air Lines saw a significant fluctuation in SG&A expenses, peaking in 2019 before a dramatic drop in 2020, likely due to the pandemic's impact. In contrast, Trane Technologies maintained a more stable trajectory, with a notable increase in 2023, reaching its highest efficiency.

Key Insights

• Delta Air Lines: Experienced a 60% drop in SG&A expenses in 2020, reflecting industry-wide challenges.
• Trane Technologies: Demonstrated resilience with a 17% increase in 2023, showcasing strategic efficiency improvements.

This analysis underscores the importance of adaptive strategies in maintaining financial health amidst global disruptions.