Originally Posted by
Name User
The biggest problem I have are the structural issues. Buying back stock instead of investing in the product/service first is the biggest one.
Delta made moves (and is continuing to do so) to position themselves well. Now they are raking in the money. We are doing the opposite - spending the money now hoping it continues to roll in into the future.
Just IMO.
Upper mgmt can change.
I get the feeling AA is about to see such a change.
The board can't possibly be happy with all the stock buybacks in lieu of debt pay down.