OT - Dow plunges 1,175 - worst point decline in history

[verticaldoug]

Originally Posted by Clean39T

Just going to leave this here since we're talking about things that make our bloods boil:

I don't mind people bashing LUV but they should at least get their facts right. LUV spent zero of the bailout money on stock buybacks.

The 5.6b was the 2017, 2018, 2019 when LUV spent around 450mm per quarter on stock buybacks and 0.18/share on dividends.

It suspended stock buybacks after Q1 2020, and suspended dividends. It also sold $2.29b of stock on 4/28/2020 to shore up its equity. It planned to start paying dividends in 2023. It has no plans for stock buybacks.

The CEO (Bob Jordan) was paid 3mm in 2019, 3.2mm in 2020, and 3.6mm in 2021.... not given a 9mm raise.

Essentially, everything the Twitter Troll above wrote on twitter was wrong and aggregate values over many years.
https://www.southwestairlinesinvesto...stor%20Day.pdf

This is Dec 7 2022 investor day presentation. Slide 18 has capital allocation priorities .... No where does it state stock buybacks....
More importantly, LUV surpassed its 2019 staffing levels in May 2022... It still plans to hire an additional 10,000 employees. This is something I have mentioned in previous posts regarding Delta and American. They lost a huge amount of institutional knowledge in the pandemics as some experienced employees just left and did not come back. The productivity of the airlines is way down.