Originally Posted by
ERAUAV8TR
Stock buybacks are important at times. Not only does it signal confidence in growth by the company but also has many other benefits. For example, boosting share price, return of value, tax efficiency, and earnings per share by reducing the number of shares. AW should know that in June of 2020 United sold 1 billion in shares because we were burning hundreds of millions a day due to covid. This buyback returns this value. We are trying to get back to pre pandemic levels of profitability and growth tracking. I would rather see the union getting ready for another round of furloughs through a furlough fund rather than renting yachts to see airshows for a couple hours or buying golf rounds and steak. As project 2025 is on course to eliminate government agencies for weather and education for programs like ATC as well as cost the middle class thousands a year, an economic downturn could be soon causing downgrades and furloughs. The union needs to start preparing.
Maybe Kirby sees the bad juju on the horizon for airlines and woke organizations in general and decided now is a good time to pump up his/their golden parachute.