{"id":1670437,"date":"2022-10-03T16:08:38","date_gmt":"2022-10-03T20:08:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670437"},"modified":"2022-10-03T16:08:53","modified_gmt":"2022-10-03T20:08:53","slug":"major-u-s-airlines-in-no-rush-to-resume-stock-buybacks-as-ban-ends","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-u-s-airlines-in-no-rush-to-resume-stock-buybacks-as-ban-ends\/","title":{"rendered":"Major U.S. airlines in no rush to resume stock buybacks as ban ends"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmajor-u-s-airlines-in-no-rush-to-resume-stock-buybacks-as-ban-ends%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670437&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     Major U.S. airlines said on Monday they have no immediate plans to resume stock buybacks after a Congress-imposed ban expired last month, amid pressure from unions to boost worker pay and fix operational issues.<\/p>\n<p>\u201cOur highest financial priorities right now are restoring our balance sheet and investing in our employees and customers,\u201d United Airlines said in an emailed statement. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The carrier plans to take delivery of nearly 300 new aircraft over the next several years.<\/p>\n<p>As air travel roars back, airlines are also prioritizing on debt reduction following a borrowing binge during the pandemic. <\/p>\n<p>The big three national carriers \u2013 American Airlines, United and Delta Air Lines \u2013 had a combined $85 billion in net long-term debt at the end of the second quarter.<\/p>\n<p>Cost pressures due to a shortage of workers and mounting economic worries have also sparked investor concerns on carriers\u2019 ability to repair balance sheets, likely limiting room for capital returns.<\/p>\n<p>\u201cDelta\u2019s top financial priority is restoring its financial foundation by generating sustained and meaningful profitability and cash flow to support debt reduction and reinvestment in the business,\u201d the airline said.<\/p>\n<p>American Airlines pointed to chief financial officer Derek Kerr\u2019s interview in August to The Associated Press, when he said the carrier had no plans to do any share repurchases and all of its excess liquidity would be used to pay off debt.<\/p>\n<p>As part of the federal COVID-19 relief package, airlines had been prohibited from buying back their shares. The ban had expired on Sept. 30.<\/p>\n<p>Airline unions, representing hundreds of thousands of workers, had launched a public campaign against stock buybacks in August. Some U.S. lawmakers are also pressing airlines not to resume stock buybacks.<\/p>\n<p>Delta, American and United Airlines are schedule to report earnings in the next few weeks.<\/p>\n<p> (Reporting by Priyamvada C and Abhijith Ganapavaram in Bengaluru; Editing by Krishna Chandra Eluri)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/major-u-s-airlines-in\/attachment\/file-photo-an-american-airlines-airbus-a321-plane-takes-off-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI920WC-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI920WC-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/major-u-s-airlines-in\/attachment\/file-photo-a-delta-air-lines-plane-takes-off-from\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI920WD-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI920WD-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Major U.S. airlines said on Monday they have no immediate plans to resume stock buybacks after a Congress-imposed ban expired last month, amid pressure from unions to boost<\/p>\n","protected":false},"author":66,"featured_media":1889453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1670437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/major-u-s-airlines-in\/?utm_source=rss&utm_medium=rss&utm_campaign=major-u-s-airlines-in","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1670437"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889453"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1670437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1670437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1670437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}