American Airlines Group Inc (AAL)

[Jmb0173]

For perspective on the $1b buyback

PPS. Shares bought Div/qtr saved. %OS redux (EPS incr.)
$48. 20,833,333. $2,083,333. 2.9%
$44. 22,727,273. $2,727,727. 3.2%
$40. 25,000,000. $2,500,000. 3.5%
$38. 26,315,789. $2,631,579. 3.7%

Remember what Apple did when its PPS dropped below $500 (pre-split)? It surprised the street by saying it accelerated its buyback due to cheap shares.