Airlines are begging for a bailout, but they've used 96% of their cash on stock buybacks over the past 10 years. 

Airlines are begging for a bailout, but they’ve used 96% of their cash on stock buybacks over the past 10 years. 

The Trump administration has proposed $50 billion of emergency aid for airlines ravaged by widespread cancellations amid the coronavirus pandemic. But critics are deriding it as a bailout to an industry that made bad financial decisions. Resistance to the plan emerged among Democrats and even some Republicans. They’re concerned that extra money … Continue reading Airlines are begging for a bailout, but they’ve used 96% of their cash on stock buybacks over the past 10 years.