[PilotMan]

Here's what you don't understand and it goes like this.

Let's take the most egregious offender on your list, American.


They spend roughly 12.6 billion on stock buy backs over the course of 10 years.



If we look at their 2019 financials where they made a profit of over 2bn, they had operating expenses of 42.7bn. That equals out to 117 million per day.



If they had saved up every single penny over that 10 yr period for this very moment they would have enough free cash on hand to last for....wait for it.....108 days.



So with what the airlines are dealing with. This pales in comparison to whatever fiscal discipline you feel like they should have had.