US Airlines after using up 95 % of their cashffow gave $45bn to shareholders in five years now pushing for massive Govt. bailout

The United States’ five largest airlines – which are pushing for a $50bn-plus bailout to help them survive the Covid-19 crisis – have handed out more than $45bn to shareholders and executives over the last five years, research by the Guardian has found.

Delta, American Airlines, United, Southwest and Alaska have spent $44.9bn on share repurchases and dividends in the last five years, according to Guardian research. In addition, nearly $750m has been paid out to executives over the same time period.

According to separate data compiled by Bloomberg, these five airlines have spent 96% of their free cashflow on buying back their own shares over the last decade.

According to the Guardian’s data, from public filings made to the Securities and Exchange Commission, Delta spent $13.6bn on share buybacks and dividends between 2015 and 2019. The firm paid out a further $208m to executives between 2014 and 2018, according to data released in proxy statements sent to investors. Pay figures for 2019 should be released ahead of Delta’s 2020 annual meeting.

Read more https://www.theguardian.com/business/2020/mar/18/america-airlines-bailout-shareholders-coronavirus

Iceland: Icelandic budget airline WOW AIR goes bust

Passengers stranded as Icelandic budget airline WOW Air goes bust

Read more at: 

https://www.cbc.ca/news/business/wow-air-shut-down-1.5074662

USA - Equifax Drama: Chatbot lets you sue Equifax for up to $25,000 without a lawyer - by Shannon Liao

Equifax’s security failure affected 143 million US consumers, or 44 percent of the US population. To add insult to injury, Equifax waited over a month before revealing the security breach it had suffered. 

If you’re one of the millions affected by the breach, a chatbot can now help you sue Equifax in small claims court, potentially letting you avoid hiring a lawyer for advice.

Even if you want to be part of the class action lawsuit against Equifax, you can still sue Equifax for negligence in small claims court using the DoNotPay bot and demand maximum damages. Maximum damages range between $2,500 in states like Rhode Island and Kentucky to $25,000 in Tennessee.

The bot, which launched in all 50 states in July, is mainly known for helping with parking tickets. But with this new update, its creator, Joshua Browder, who was one of the 143 million affected by the breach, is tackling a much bigger target, with larger aspirations to match. He says, “I hope that my product will replace lawyers, and, with enough success, bankrupt Equifax.” 

Read more: Chatbot lets you sue Equifax for up to $25,000 without a lawyer - The Verge