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.

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.

Airlines are begging for a bailout, but they've used 96% of their cash on buybacks over the past 10 years.. Their pushback is reminiscent of past criticisms relating to how companies have spent excess capital.. Over the past decade, major airlines - including Delta Airlines, United Airlines, and Southwest - have used roughly 96% of their available cash on stock buybacks, according to Bloomberg .. Read more: GOLDMAN SACHS: Buy these 13 stocks poised to dominate in a market where everyone is paralyzed by fear. "If there is so much as a DIME of corporate bailout money in the next relief package, it should include a reinstated ban on stock buybacks.". Following the GOP tax plan that went into effect in 2018, corporations across all industries came under fire for how they spent their proceeds.. Sen. Elizabeth Warren demanded tougher conditions on Tuesday, saying any bailout should require a company to maintain existing payrolls and refrain from buybacks, dividends, and executive bonuses for at least three years.. "We won't let this to look like the bank bailout of 2008, nor can you compare the two," Nelson wrote on Twitter . ". The airline industry didn't