More Gateways to D.C. Airport Approved

Washington Reagan National Airport
Washington Reagan National Airport
Wednesday, December 14, 2011 (All day)

Atlantic Aviation has announced that six airports where it operates have been approved as gateways to Washington Reagan National Airport under the DCA Access Standard Security Program. The program allows certain pre-cleared general aviation operations to fly into Washington Reagan National. The newly approved Atlantic locations are George Bush Intercontinental/Houston Airport, William P. Hobby (Houston), Austin [Texas]-Bergstrom International, South Bend [Ind.] Regional, Philadelphia International and Palm Springs [Calif.] International.

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““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”

-David Yermack