American Airlines Group Inc (NASDAQ:AAL) insider has recently participated in insider trading activity. Director, SCHIFTER RICHARD P bought 3,000 shares for $96,390 via one transaction Jun 13. Another notable insider trading was done by BENJAMIN JEFFREY D on May 13, who is the Director. The insider acquired 35,000 shares at an average price of $31.79. Moreover, an insider selling of 692 shares was carried out by KIRBY J SCOTT, President, on Apr 15. Following the transaction, the insider now owns 639,592 shares in total. Chairman and CEO PARKER W DOUGLAS sold 4,113 shares for $165,055 through one transaction Apr 01. Following this sale, this insider’s stake in the company comprises 1,458,441 shares, priced at $44278268.76 as of Tuesday.
The stock has experienced a total of 54 insider trades in the past three months. These trades include 31 sell activities and 23 buy trades. Furthermore, over the past 12 months, the stock was traded 95 times by insiders. In 69 of these trades, the insider was a seller while an employee of the company was the buyer in just 26 instances.
American Airlines Group Inc (AAL) on June 13, 2016 announced an important enhancement to its pilot recruiting platform by rolling out a $15,000 sign-on bonus for all new-hire pilots. This valuable improvement enriches PSA’s existing top-notch employment opportunities which already offer the highest quality of life in the regional industry and the only true seniority-based pilot flow through program to American Airlines (AAL).
In addition to expanded pilot bonus program, PSA will also be enhancing the value of its employee referral program for pilots by increasing the payout from $1,000 to $5,000 for eligible participants and aims to further reward current employees as ambassadors for the company to attract the best and brightest future aviators. Employee referrals are an important part of pilot recruitment and with this increase, PSA will be materially compensating its workforce for helping identify and onboard future pilot colleagues.
The long-term stability, unmatched career opportunities and quality of life at PSA is something few regional carriers can match. With a young and efficient fleet – including more than 50 brand-new large regional jets, a sustainable cost advantage versus competitors and the experience as a reliable provider of service, PSA is an airline that will remain a vitally important regional provider for American.
PSA is building on the success of its sustained pilot recruitment initiatives, including these two enhanced programs announced. Earlier this year, the airline implemented an industry-leading Cadet Program which helps the most promising future pilots make a smooth transition from the classroom at top colleges, universities and flight schools to the cockpit and offers various levels of support as the Cadet’s certifications, training and experience evolves.