Barron’s: Delta Air Execs’ $2.9 Million in Sales


WITH ANOTHER DECLINE IN air travel this holiday season, it’s clear that the hardships for U.S. carriers are nowhere near over. But stock prices of many have soared, and several executives at Delta Air Lines (ticker: DAL) recently sold a combined $2.9 million in shares.

Stephen E. Gorman, executive vice president and chief operating officer of Delta, sold 110,556 shares for $1.2 million, or an average price of $11.21 each, on Dec. 18. After the sale, Gorman held 455,313 shares directly and 338,280 through exercisable options, a stake representing far less than …

http://online.barrons.com/article/SB126152062866702047.htm

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