U.S. airlines want a $50B bailout. They spent $45B buying back their stock

Re:U.S. airlines want a $50B bailout. They spent $45B buying... by toomuchtodo on Tuesday April 07, 2020 @02:01PM (#22805720)

I'll have to go through the disclosures before I speak more confidently about the recent equity activity in CCL, but PIF did very recently disclose they acquired 43.5 million shares, a 8.2% stake in CCL. This makes PIF their second-largest investor. This surely contributed in CCLs ability to do a rapid raise right after.

I corrected my terminology faux pax above.

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Re:U.S. airlines want a $50B bailout. They spent $45B buying... by whatok on Tuesday April 07, 2020 @02:09PM (#22805785)

I'm telling you as a market participant that PIF's stake was not known at the time.

Here's a link to CCL on EDGAR:

https://www.sec.gov/cgi-bin/browse-edgar?company=carnival+cr...

The filing date for the 13G was yesterday. Link to said 13G:

https://www.sec.gov/Archives/edgar/data/815097/0001011438200...

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Re:U.S. airlines want a $50B bailout. They spent $45B buying... by toomuchtodo on Tuesday April 07, 2020 @02:15PM (#22805859)

You're right, I stand corrected. Thanks for the links.

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