I would say that the airline industry regrets spending 96% of their free cash over the ~last decade buybacks, but it looks like they are probably going to get bailed out...
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So they can issue back those shares on the market
But don't buybacks usually mean they bought back the shares and eliminated them? It no longer exists. It's not sitting in any account.
Stock that is bought back is called "Treasury stock", and it can either be retired or held for resale in the market
The board of directors of any joint stock company can create new shares out of thin air by majority vote.
They can issue new shares if they want.
Also, how come they’re in trouble if everybody paid for their tickets, and they’re not flying?
Airlines have been issuing refunds. Also, new bookings have fallen off of a cliff.
Interesting
How many tickets would you say they will be selling in the near future?