Airlines are begging for a bailout, but they've used 96% of their cash on buybacks over the past 10 years. Their plight highlights an ongoing controversy over how companies have been spending their money.
3:01pm PDT - March 17th, 2020 netflix stock - Business InsiderThe Trump administration has proposed $50 billion of emergency aid for airlines ravaged by widespread cancellations amid the coronavirus pandemic. But critics are deriding it as a bailout to an industry that made bad financial decisions. Resistance to the pla…