![Airlines are begging for a bailout, but they've used 96% of their cash on stock buybacks over the past 10 years.](https://underground.wpenginepowered.com/wp-content/uploads/2017-02-09t120000z706414260rc11a1a45840rtrmadp3usa-trump-airlines.jpg)
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.
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