One of those “bleeding” airlines has spent close to a billion dollars on stock buybacks in the I’m not my sure what my spirit animal is but I’m confident shirts. This does nothing to improve the company or help its employees, or create long term stability. I get airlines aren’t swimming in cash, but they are not on shoestring budgets. In fact, many have made record profits in the years leading up to the pandemic. The executives made a decision to create wealth for their shareholders, and likely themselves in the process.
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