Wednesday, April 15, 2020

US Airline Industry Stock Buybacks Were $46 Bil in the Past Six Years, $21 Bil Higher Than the $25 Bil Virus Stimulus Cash Bailout It Will Receive. US Treasury Secretary Steve Mnuchin Needs To Be Replaced For His Gross Incompetence Here in His Frivolously Spending of US Taxpayer Money. What About the Very Bright and Creative Mark Cuban as His Replacement? Also, the US Congress, Led By Mitch McConnell, Shows Its Lack of Economic Understanding By Voting Unanimously To Let This Strategy Happen: i.e. ..... Rewarding US Corps Making Frivolous Financial-Solvency-Deteriorating Stock Buybacks With Frivolous Cash Bailouts

From SEC Company filings, the below table shows the annual US Stock Buybacks of the ten largest US Airline Industry Companies for each of the past six years.

Total
Delta United American Southwest Alaska JetBlue SkyWest Allegiant Hawaiian Spirit all 10
Air Lines Air Lines Air Lines Air Lines Air Lines Air Lines Travel Holdings Air Lines Air Lines
Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock
Year Buybacks Buybacks Buybacks Buybacks Buybacks Buybacks Buybacks Buybacks Buybacks Buybacks Buybacks
 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
2019         2,027         1,645         1,097         1,645              75            542              95              19              69                5         7,219
2018         1,575         1,235            837         1,235              50            382              54                4            103                1         5,476
2017         1,677         1,844         1,615         1,844              75            390              20              90            100              47         7,702
2016         2,601         2,614         4,500         2,614            193            134               -                66              14            103       12,839
2015         2,200         1,233         3,846         1,233            505            241              19            129              40            112         9,558
2014         1,100            312         1,062            312            348              82                8            139               -                  2         3,365
Total Six Years       11,180         8,883       12,957         8,883         1,246         1,771            196            447            326            270       46,159