Originally Posted by Buzzlightyear

According to the article share repurchases are being stopped. This is most likely part of a distress plan. Article alludes to that. Reduce capacity, stop FA hiring, reduce expenses, shore up the balance sheet, park certain fleets, reduce pilot hiring etc. Regardless what we all think about the media and the public’s various reactions to Coronavirus this company is making preparations for either a more severe turn in consumer spending or a recession.

https://www.forbes.com/sites/tedreed...A#9878daf7b360

“However, American has suspended its share buyback program. “It’s not because of the stock price,” Parker said. Rather, “It didn’t seem right.”