What does it mean that airlines shouldn’t be allowed to buy back stocks?
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So, basically, when times were good and they had profits (all those add on fees and reduced gas prices, etc) they used the money to buy back stock and increase shareholder value. Now, they have no extra money to ride out the storm and want a taxpayer funded bail out. Give them loans to keep the industry alive and make them pay it back with interest. We had a saying at work, “lack of planning on your part does not constitute an emergency on my part.”
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