Airline stocks may be ready for takeoff on hopes of post-pandemic travel rebound chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.
Three Southwest executives and other airline insiders sell shares amid February stock rally
The executives’ insider sales made up 19% of the February total for airlines.
A Southwest Airlines flight takes off at Dallas Love Field on Thursday, Jan. 7, 2021, in Dallas. (Smiley N. Pool/The Dallas Morning News)(Smiley N. Pool / Staff Photographer)
Airline executives and directors sold $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 Southwest Airlines Co. and Allegiant Travel Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as the coronavirus pandemic eases.
(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
AVL adds nonstop flight to Destin-Fort Walton Beach
Nonstops flights from Asheville to Destin, Florida are starting May 27, Allegiant Air announced Feb. 9.
The route from Asheville Regional Airport to Destin-Fort Walton Beach Airport will operate twice weekly, with details at Allegiant.com.
This access to the Panhandle area of Florida rounds out the airport s nonstop access in Florida, where it already has six other direct flight routes, said Asheville Regional Airport spokeswoman Tina Kinsey. If you look at a map, you see dots from Asheville to Florida.all along the coastlines, but what has been missing is a dot in that panhandle location, she said. Now we will see that dot there.