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Airline Titans Gordon Bethune and Bob Crandall Weigh In on Future of Flight - Bloomberg  

added 7 months ago by @icyflame ARCHIVES

airlines finance    

That being said, both Crandall and Bethune said one of the lessons the airline industry should learn from this crisis is that large-scale share buybacks are ill-advised. It’s a cash-intensive business, and there’s always the risk of some kind of unexpected crisis, Bethune said. Crandall went a step further and said buybacks should be prohibited at all companies, in every industry. “It's a popular tactic because it makes the executives rich,” he said. “Airlines absolutely should be prohibited from buying back stock. They should be at the top of the list. We know that airlines always have a liquidity problem and are always turning to the government.”

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