Originally Posted by full of luv

Many of those other companies (AAL included) have also been spending Billions on their own stock buyback. The general logic is to buy your stock when you feel it's undervalued and you have excess cash without a better plan for investment.
Many an article has been written on both sides as to the efficacy of a company buying back it's own stock with excess cash.
Many see the fact that much of CEO's pay in recent decades has been tied to stock performance thereby clouds Mgmt's opinion of buying back it's own stock to reduce supply and drive up the demand/price.