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A comment on For Years WallStreet Spent More on Buybacks Than It Earned-Now They Want Bailout. Parent comment

Re:For Years WallStreet Spent More on Buybacks Than It Earne... by dragontamer on Wednesday March 18, 2020 @10:41AM (#22617137)
Low gas prices would be good for airlines normally, because gas prices are a large portion of their operating costs.
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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by supdatecron on Wednesday March 18, 2020 @11:07AM (#22617443)
+1 to this. I think it was 4 years back, the oil prices dropped hard and the airlines bought futures quantities in large supply to hedge for future needs. It was a smart strategy
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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by UncleEntity on Wednesday March 18, 2020 @11:43AM (#22617855)
...then they sold the futures when prices went back up to make a quick, tidy profit.

Except Southwest -- which had the other airlines whining because they had an "unfair advantage" with their locked-in lower prices.

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Re:For Years WallStreet Spent More on Buybacks Than It Earne... by rym_ on Wednesday March 18, 2020 @11:56AM (#22618039)
Wow, do you have a source for that last part?
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