3 ms·
American Airlines had negative free cash flow during the last decade yet did $12+ billion in share buy backs. They essentially borrowed money and handed it over
by Donald 7y ago
American Airlines had negative free cash flow during the last decade yet did $12+ billion in share buy backs. They essentially borrowed money and handed it over to investors.
Yet instead of liquidating their assets once their incompetent management hit a sand bar, US tax payers have been required to bail them out with loans and grants.
- jessaustin 7y agoHaha maybe they were trying to avoid a leveraged buyout by private equity... by running a leveraged buyout on themselves!