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Why Airline Wages Rise, And Why Stock Buybacks Don’t Matter

Aug 19 2022

U.S. airlines agreed not to buy back stock until September 30, 2022 as part of their government bailouts during the pandemic. It would have been unseemly to pick taxpayer pockets and immediately turn around and distribute those same funds to shareholders.

Now that the buyback restriction is about to end, unions don’t want airlines to spend money that way, arguing that the funds should go into the operation instead (paying workers more, natch).

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Doug Parker Is Leaving American Airlines And He’s Got Some Stock Advice

depressed businessman leaning his head below a bad stock market chart
Mar 15 2022

Outgoing American Airlines CEO Doug Parker spoke at the JP Morgan Industrials Conference today and suggested that since he’s leaving and won’t be responsible for results after this quarter, he shouldn’t talk about American’s future forecasts. Instead he talked about the airline industry – and revealed something about his own investing in competitor stocks.

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