US Airways CEO Buys Chunk of Company Stock

[Matt Molnar]

Doug Parker bought 197,000 shares of US Airways stock on Monday, fulfilling a promise to invest the equivalent of a year's salary (about $550,000) in a display of his confidence in the airline.

LCC is currently hovering around $3.00, down about 92% from nearly $40 a year ago.

[mirrodie]

While it's made to look like he's the man, lets face it, he's buying the stock at a sweet price. I doubt he'll get as good a return but he'll make a decent return even if it goes up 5 bucks.

[PHL Approach]

It went up .20 today so DP made 39,000 - Thats a grand for each employee...

[Matt Molnar]

While it's made to look like he's the man, lets face it, he's buying the stock at a sweet price. I doubt he'll get as good a return but he'll make a decent return even if it goes up 5 bucks.

I'd say that's a bigger long shot than the 38 to 1 horse that won Belmont.