Originally Posted by Name User

Both United and Delta also bought back stock at the highs. In fact, 95% of all corporate buybacks are bought at highs and that cash forever lost.QUOTE]



The difference between them is they have a lot more cash on hand and a LOT less debt. Be interesting to see if they can pay these bonds that are about to mature without government assistance. More assistance is more debt to repay. Slippery slope with all this debt and no revenue coming in. Doug has been criticized by almost every analyst for years on his strategy and it's really starting to show why. Delta and United will come out fine because they have real management in place who understand the numbers.