> AA has a market cap of $8B and they spent $12B on stock buybacks from '14 - '20.
In 2014 their market cap was $35B [0]. Pandemic aside, it looks like they are steadily winding down their business. That makes sense if the company doesn't see any opportunities for growth--shareholders can migrate to investments with upside. Despite market cap shrinking by 2/3 they kept earnings per share relatively flat.
In 2014 their market cap was $35B [0]. Pandemic aside, it looks like they are steadily winding down their business. That makes sense if the company doesn't see any opportunities for growth--shareholders can migrate to investments with upside. Despite market cap shrinking by 2/3 they kept earnings per share relatively flat.
https://www.macrotrends.net/stocks/charts/AAL/american-airli...