U.S. Airlines Reject Lawmakers' Request To Refrain From Share Buybacks

U.S. Airlines Reject Lawmakers’ Request To Refrain From Share Buybacks

By David Shepardson WASHINGTON (Reuters) – A trade group representing major U.S. airlines rebuffed a request by 70 U.S. lawmakers to voluntarily extend a expired prohibition on stock buybacks that was a condition of U.S. government COVID-19 payroll assistance. Representative Peter DeFazio, a Democrat who chairs the House Transportation and Infrastructure Committee, led a group…

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