News for hackers. Stuff that matters.

A comment on Airlines want to cancel rule requiring them to refund fares for canceled flights. Parent comment

Re:Airlines want to cancel rule requiring them to refund far... by Donald on Tuesday April 07, 2020 @06:20PM (#22808069)
American Airlines had negative free cash flow during the last decade yet did $12+ billion in share buy backs. They essentially borrowed money and handed it over to investors.

Yet instead of liquidating their assets once their incompetent management hit a sand bar, US tax payers have been required to bail them out with loans and grants.

[ Parent | on HN ]
Re:Airlines want to cancel rule requiring them to refund far... by jessaustin on Tuesday April 07, 2020 @06:31PM (#22808165)
Haha maybe they were trying to avoid a leveraged buyout by private equity... by running a leveraged buyout on themselves!
[ Parent | on HN ]