Commentary » Up Front

October 1, 2008
When we launched Business Jet Traveler magazine in October 2003, the stock market and the U.S. economy were struggling to recover from their spectacular fall following the dot-com meltdown and 9/11. The Dow Jones Industrial Average was at about 9,500, a level it had first passed through in early 1999 on its way up.
August 1, 2008
In the same week in June, several airlines announced they would be grounding airplanes, reducing capacity and eliminating jobs, mainly because of soaring fuel prices. Meanwhile, the Stanford Transportation Group, a San Francisco-based consulting firm, reported the results of its biennial analysis of premium passenger activity in the U.S. airline and business aviation markets.
July 1, 2008
"Peeling the onion" is such an overused metaphor that I hesitate to repeat it here. But it suits private air travel so well that I simply can't resist.
June 1, 2008
People get into private air travel in many ways, and that's one of the things that makes this business so interesting.
February 1, 2008
In our August/September 2004 issue, we ran stories about President George W. Bush and Air Force One and the Boeing 757 Senator John Kerry had chartered for his campaign. To maintain nonpartisanship, we split the cover to feature separate photos of both men standing outside their respective airplanes.
December 1, 2007
I don't believe in witches. But I think some people high up in the FAA and Department of Transportation do. Maybe even some of the folks in Homeland Security.
October 1, 2007
You have to feel sorry for the airlines. The industry is well past its Golden Years, whenever they were. Some say they were in the 1930s, others in the '50s or '60s. Certainly, these years, which always look better with hindsight, were before the days of deregulation, which began in 1978.
August 1, 2007
Brig. Gen. Robin Olds as a colonel, preflighting his F-4C Phantom at Ubon Air
"Downhill skiing is the closest thing to flying a fighter that I know."
June 1, 2007
R. Randall PadfieldEditor
As I read Jeff Wieand's Taxes, Laws and Finance column, "Your Gray-haired Pilot", I realized that had I not left the cockpit for a writing career in the 1990s, I would now be that pilot, gray hair and all.

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Quote/Unquote

““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