Thread: Furloughs
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Old 04-30-2020, 06:08 PM
  #18  
ninerdriver
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Originally Posted by DirkDiggler View Post
Over the last 10 years the airlines have posted billions upon billions in profits, of which 96% of that went towards shareholder buybacks.
Gonna do this again...

That 96% number is free cash flow, not profits. That number is also skewed by AA, which spent $12.9B on buybacks with almost $8B of negative free cash flow.

Remove AA, and the number is more like 60%, which is close to S&P averages.
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