Originally Posted by
300SMK
$5 billion dollar stock buyback at 7 years into a bull run. It doesn't take a rocket scientist to figure out that money could replace all the 88's or give us a fleet of A350s in SEA and LAX to compete with Asian and ME carriers. Nope, it goes to good will.
I will take the 20% PS and drag my feet like no other. Fly the contract.
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All so true, the stock buy back is already yesterday's news. If they had spent a fraction of the money on supertugs for every hub, and a replacement for the MD-80's it would have been $ well spent. RA and his minions aren't looking so smart anymore. Blowing billions on stockbuybacks and fuel hedges to go along with a now questionable refinery purchase. It's starting to look like RA and the boys are only interested in lining their pockets long term. If they wanted to reduce the stock float why not do a reverse 2 for 1 or 4 for 1 split? I know, Wall Street would hate that but the effect would be only temporary as all things are.