Originally Posted by
Name User
SWA continues to expand and post increasing profits while AA stagnantes.
Doug had an opportunity to set us up for 20-30 years on solid financial ground but instead choose to buy back stock, which was bought for more on average than the current market price is.
Personally I would choose SWA but I care more about long term financial security than the type of airplane I operate.
The stock buy-backs are really the alarming thing at the moment. I would be interested in knowing if Doug and Co are actively dumping their shares while approving ever-larger stock buy backs for the shareholders?
https://www.google.com/amp/s/www.barrons.com/amp/articles/companies-are-buying-back-stock-as-executives-sell-at-record-clip-1538787736
The debt doesn’t scare me because a lot of it is due to the fleet. Having a relatively young fleet will pay dividends in years to come while UA and DA eventually have to “bite the bullet” so to speak and pony up some coin to do the same. The rampant stock buy-backs scare me. It’s what corporate leadership does when they’re out of ideas.