What does it mean that airlines shouldn’t be allowed to buy back stocks?
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Buying back the stocks is a smart business move when the stock price is temporarily down. Later when it goes up, the company has some working capital that they can use in a variety of ways.
The problem comes if they soon claim to be broke, and out of cash. Then, they will require some kind of tax-money bailout, while they are simultaneously giving their executives stock bonuses.
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