““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 ”
The bizav app is taking off
Do you own an Apple iPhone, iPod Touch or iPad? If so, you'll be glad to learn about the increasing number of apps that should be particularly useful to business jet travelers. Our sister publication, Aviation International News, has had an app for a while now, and BJT has just introduced one as well (see '
Put BJT in your pocket').
Flight Options, meanwhile, recently became the first big fractional-share operator to release an iPhone app (which also runs on the iPad). Thankfully the company didn't take the easy way out and just port its Web site to the app; instead, it developed a new program that allows its shareowners to have full access to their accounts. The app also offers fleet details; trip quotes; an airport search tool that lists all airports near a particular city and the FBOs at those airports; and a solid chunk of company information.
Other apps you might find useful include free ones from fixed-base operators Heritage Aviation and Atlantic Aviation. These let you look up detailed data on the FBOs, including directions, fuel prices and airport information. The Heritage app features an expense tracker and the ability to make service requests for fuel, maintenance, hangar space, catering, rental cars and hotels. As for weather forecasts, the iPad and iPhone come with a basic weather app, but you can get more comprehensive destination reports with software like the Weather Channel's free app or My-Cast Weather Radar, which costs $3.99.
Aviation companies are just getting started with app development, so keep an eye on the App Store. Many more bizav-related offerings will surely be available soon.