SG&A Expense Trends: Trane Technologies vs. United Airlines

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. Over the past decade, Trane Technologies plc and United Airlines Holdings, Inc. have showcased distinct trajectories in their SG&A expenditures.

A Decade of Change

From 2014 to 2023, Trane Technologies saw a steady increase in SG&A expenses, peaking in 2019 with a 25% rise from 2014 levels. Despite a dip in 2020, likely due to global economic disruptions, the company rebounded, reaching nearly 3 billion in 2023. In contrast, United Airlines experienced a more volatile pattern. After a significant drop in 2020, their SG&A expenses surged by over 300% by 2023, reflecting strategic shifts and recovery efforts.

These trends highlight the dynamic nature of corporate strategies and the impact of external factors on financial planning.