QAN 0.00% $5.88 qantas airways limited

Ann: Announcement of buy-back - Appendix 3C, page-19

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    So why not expand the business and buy more assets? Or do the business execs think there are no more opportunities out there. They could at the very least modernise and grow the fleet further to expand into other destinations. You know grow the business. Suggest researching when a buyback is a good management decision and when it is not from a shareholder perspective. NPAT $607 mil Buyback cost $378 mil. Are they concentrating on running a business or manipulating the share price?
 
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