Airlines will be restricted from stock buybacks, issuing dividends, and outlandish salaries for executives under the new House bailout proposal (DAL, UAL, AAL, LUV, JBLU)
Airlines will be prohibited from buying back stock or issuing dividends under the bailout package the House plans to propose.The draft of the bill provides $58 billion for the aviation industry, including $37 billion in worker payroll grants — effectively protecting jobs — and $21 billion in loans.Past stock buybacks…
bubmagMarch 23, 2020