Re:America's bailed-out airlines are not 'playing fair' with...
by erjiang on Saturday March 28, 2020 @03:54PM
(#22713856)
Let's say that AA didn't do any buybacks - instead they saved up all of the money that they would have spent on buy backs in the last few years. Would that have been enough to survive this pandemic?
[ Parent
| on HN ]
Re:America's bailed-out airlines are not 'playing fair' with...
by mrgordon on Friday April 03, 2020 @08:19PM
(#22775136)
Yes, likely. In 2015 and 2016 alone they paid $8.346 billion in buybacks and they seem to pay roughly a $0.40 dividend every year. Either way it would have allowed them to borrow less money at much better terms. Instead they are totally insolvent immediately and people have a more negative view of bailing them out because they appear irresponsible.