Airlines are begging for a bailout, but they've used 96% of their cash on buybacks over the past 10 years. It highlights an ongoing controversy over how companies have been spending their money.

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U.S. airlines spent 96% of free cash flow on buybacks

The Trump administration has responded to the airline industry's request and proposed a $50 billion bailout as part of its massive $1 trillion stimulus package. The ultimate goal is to jolt the American economy by flooding it with cash.

In the process, they've drawn criticism for how they've boosted shareholder returns without directly helping businesses. The activity is central to a broader discussion about how companies use their cash — and whether they should be doing something different. He added:"It might have invested heavily in better service quality to try to repair its longstanding reputation as the worst of the major carriers."

Even some Republicans came out against the idea of the government coming to the rescue of the battered airline industry.

 

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Yahoo And they're about to get another load of free cash.

Which is WHY THEY DO NOT NEED ANY MONEY FOR A BAILOUT...after bailing them OUT they should have ample money on reserve

and now they want a bailout.

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