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American Airlines and United Continental Binge on Buybacks

2016-04-12 15:08:53| Airlines - Topix.net

Shares of both legacy carriers logged double-digit declines in the first six weeks of the year, recovered into positive territory by late March, and have since started to slip back again. Not surprisingly, executives at American and United took advantage of this extreme volatility by cranking up their share-repurchase programs to stunning levels.

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