News notes from around the interweb:
- Useful FAQ on coronavirus
- Fume events don’t get nearly enough attention, here’s new research on bleed air “pollutants remain in bleed air ducts covering the ducts with a black oil film and deeply penetrate human bodies.”
- An Aeroplan promo gone bad it said bonus miles per hotel night booked but never said members actually had to check in…
- They borrowed how much, and did what with it? Current management has bought back $12.67 billion in stock and hasn’t even managed to raise the price. AAL shares hover below 27, less than half where CEO Doug Parker bet that it would be by a year ago.
The airline’s long term debt is over $24 billion. Effectively they’ve done two things with their cash, bought aircraft and bought back stock. The buybacks have signaled lack of productive investment opportunities for cash at the airline. It should be little surprise that borrowing money to buy back shares, while taking on debt, hasn’t drive up share price. Oddly the board has been okay with this.
- Saturday Night Live kicks American Airlines in its coronavirus coverage.
- I don’t know how I missed this Mike Wagner parody when it was released in the fall.
- I actually lived in The NO (also known as F-No) for six years.