> Share buybacks aren’t a stupid idea for Airlines either. If they have too much cash on the balance sheet better to return cash to shareholders as a one off in

> Share buybacks aren’t a stupid idea for Airlines either. If they have too much cash on the balance sheet better to return cash to shareholders as a one off in a tax efficient way rather than pay a regular dividend that they have to cut when the economy turns down. That's what they thought, and what they did, and then they needed a bailout. Companies that don't save for a rainy day deserve to be wiped out.