Airline CEOs promise to eliminate dividends and stock buybacks if Congress passes $29B coronavirus bailout

Airline CEOs promise to eliminate dividends and stock buybacks if Congress passes $29B coronavirus bailout

CEOs from America’s largest publicly traded airlines sent an urgent letter Saturday to Congressional leaders promising to stop stock buybacks and paying dividends in exchange for a multi-billion dollar coronavirus bailout. The letter says “If loans and or loan guarantees are enacted, equaling at least $29 billion, participating passenger and cargo air carriers commit to […]