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OP’s question was about Boeing, but it’s true that the airlines also squandered their capital on share buybacks.
by goatinaboat 7y ago
OP’s question was about Boeing, but it’s true that the airlines also squandered their capital on share buybacks.
- lotsofpulp 7y agoSquandered means there was a better, evident option at the time. I have not yet been able to find a satisfactory answer to the question of what the companies should have done rather than buybacks, especially to mitigate the effects of a literal shutdown of basically entire lines of business resulting in no income. The businesses in years past made money, invested some of it, spent some on R&D, and distributed some to shareholders (via buybacks). What other option was there?