Originally Posted by
Chimpy
I generally loathe buybacks, but you’d be laughed out of the building if you suggested to the C suite of any industry that they keep enough cash on hand to survive 3-4 months of instantaneous mass panic leading to 60-70-80% of their customer base abandoning their product with the very real possibility that the government would shut them down altogether for an extended period.
That may may be the new gold standard of a healthy airline going forward, but it would be unheard of in January of this year.