““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 ”
South Central U.S., June 2009
What you'll pay for charter varies not only by aircraft type and model but also by region. Here are the average per-hour rates for popular aircraft nationally and in the South Central U.S., now and a year ago. Look for price data for other parts of the country in future issues.
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