Originally Posted by
PaloAlto
They didn’t make them, but they absolutely enabled them. Buybacks are stock manipulation, pure and simple. They should and will likely be illegal in the future.
Not absolutely illegal, there are sound business reasons to do buybacks... if your stock is low and you're sitting on a pile of cash the vultures will be tempted. Less of a threat for airlines, because a corporate raider would not be allowed to just liquidate and sell off the assets because they're worth more than the stock.
But there will likely be some limits.