1. 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

    More 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...

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    1. If loans and or loan guarantees are enacted, equaling at least $29 billion, participating passenger and cargo air carriers commit to placing limits on executive compensation; eliminating stock buybacks over the life of the loans and eliminating stock dividends for the life of the loans.
    2. The breadth and immediacy of the need to act cannot be overstated.
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