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Airline insiders sell most shares in three years amid rally

(March 6): Airline executives and directors sold US$49.9 million of stock in February, the most in three years, as industry shares posted a record rally fueled by a widening vaccination effort. The top individual sellers were at Allegiant Travel Co. and Southwest Airlines Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as the coronavirus pandemic eases. Executives from Delta Air Lines Inc. and Mesa Air Group Inc. also sold significant holdings, according to data from InsiderInsights.com, which analyzes such transactions. The insider sales increased as investors bet that vaccine campaigns would gain steam and improve the prospects for a travel rebound. Airlines got hammered last year by an unprecedented drop in demand for flights. Continued stock gains are far from guaranteed this year, as the industry’s recovery remains shrouded in uncertainty and the slump in lucrative corporate and international trips is expected to dr

United statesTammy romoJohn redmondJonathan ornsteinTom nealonMaury gallagher jrMichael lotzGlen hauensteinSkywest incDelta air lines incMesa air group incAmerican airlines group incUnited airlines holdings incWarren buffett berkshire hathaway incAllegiant travel coAirlines co

One airline had a great 2020: Maduro s state-controlled carrier

By ALEX VASQUEZ AND NICOLLE YAPUR | Bloomberg | Published: March 6, 2021 Stars and Stripes is making stories on the coronavirus pandemic available free of charge. See more staff and wire stories here. Sign up for our daily coronavirus newsletter here. Please support our journalism with a subscription. Last year may have been the worst in the history of the global aviation industry but for Nicolas Maduro s ragtag Venezuelan airline, business boomed. Conviasa, as the state-run airline is known, says that its operations jumped 85% in 2020, making it one of the few carriers in the world to post any growth after the pandemic wiped out air travel.

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Singapore Air s Frequent Flyer data affected in cyber attack, British Air also affected

Business Times reported. Servers of air transport information technology company SITA were breached on Feb. 24, according to the newspaper. The company operates passenger processing systems for airlines and Singapore Air’s Krisflyer and Priority Passenger Service data was affected through its membership in the Star Alliance, the report said. The information in the data breach is limited to membership numbers, tier statuses and names in some cases. The airline told the newspaper that none of its own information technology systems have been affected, and it is reaching out to all KrisFlyer and Priority Passenger Service members to inform them about the incident. SITA has contacted affected customers and all related organisations, the report said.

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Covid-19 decimated aviation industry in 2020, yet Maduro s state-controlled airline had a great year

Covid-19 decimated aviation industry in 2020, yet Maduro s state-controlled airline had a great year
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Sao pauloUnited statesDistrito federalDominican republicReinaldo pulidoHugo chavezNicolle yapurNicolas maduroAlex vasquezRodolfo ruizRamon velasquezMinistry of ecoDelta air lines incClyde coAvianca holdingsAmerican airlines group inc

Cómo el régimen de Maduro asfixió las compañías aéreas internacionales para garantizar millonarias ganancias a la empresa estatal Conviasa

Cómo el régimen de Maduro asfixió las compañías aéreas internacionales para garantizar millonarias ganancias a la empresa estatal Conviasa
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