Originally Posted by
Excargodog
Ad hominem attacks don’t trump facts. I have nothing whatever against AA, and don’t even think their management did anything wrong.
The stock buybacks. AA management spending money that they didn't even have on stock buybacks. They did do that pretty wrong.
I don't remember the figures, but it was quite the deal two years ago when bailouts were in talks. The AA number was so negatively skewed that, when averaged with the other majors, it looked like every airline put almost all of their equity into stock buybacks.