Corporate Aircraft Usage by Public Companies in 2024

Albertsons Companies (ACI) provides corporate aircraft for personal use by executives. The Chief Executive Officer, Vivek Sankaran, is entitled to use the corporate aircraft for up to 50 hours per year for personal use, including for his family members and guests, at no cost to him except for income taxes. " " The aggregate incremental cost for Mr. Sankaran's personal use of the corporate aircraft was $184,684 for fiscal 2023. "

Accenture provides corporate aircraft for personal use by executives, specifically for Julie Sweet, the Chair and Chief Executive Officer. The company encourages this use for security and business productivity reasons, up to a maximum aggregate annual company cost of $600,000 per fiscal year. The aggregate incremental cost is calculated based on variable operating costs, and Ms. Sweet is responsible for associated personal income taxes. " "

Adobe provides a corporate aircraft primarily for the use of its CEO, with limited exceptions for other executive officers for critical business matters. " " The CEO is encouraged to use the aircraft for personal travel and receives an annual allowance of $400,000 for incremental costs. " " After exhausting the allowance, the CEO must reimburse the company for additional incremental costs through a time-sharing agreement. " " Incremental costs include fuel, crew, catering, and airport fees. " " For fiscal year 2023, the incremental cost of personal use was $92,050. " " The CEO recognizes imputed taxable income from personal use and does not receive a tax reimbursement, except for the annual sales club trip. " "

Analog Devices (ADI) provides corporate aircraft for personal use by executives. The company uses a leased aircraft, and the aggregate incremental cost for personal use is determined based on variable costs such as billed hourly fees and fuel costs from a third-party provider. " The CEO and Chair are permitted to use the leased aircraft for personal travel. "

ADM provides corporate aircraft for personal use by executives, specifically the Board Chair and CEO. " " Costs for personal use of company-leased aircraft are based solely on variable costs. " For example, in 2023, Juan R. Luciano, the CEO, incurred $340,716 in costs for personal aircraft use and spousal travel. " The company's policies limit personal use of company-chartered aircraft to these two roles and state that executive perquisites are not excessive. " "

ADP provides corporate aircraft for personal use by executives, including the CEO, to enhance productivity and availability. " Costs are based on aggregate incremental operating costs. " The CEO is required to reimburse costs exceeding $250,000 per fiscal year. " " For fiscal year 2024, the incremental cost for the CEO's personal use was $190,298. "

AEP provides corporate aircraft for personal use by executives under specific policies and agreements. " " Executives, such as Ms. Julia A. Sloat, can use corporate aircraft for personal use up to 40 hours per year under Aircraft Time Sharing Agreements (TSA). " " Executives are required to reimburse AEP for the incremental costs of personal use flights. " " " Income is imputed, and taxes are withheld on the value of personal travel on corporate aircraft. "

American Financial Group (AFG) provides corporate aircraft for personal use by executives, specifically the Co-CEOs. " The value of personal use is calculated based on the aggregate incremental cost to the company. " For 2023, the personal aircraft usage costs were $1,052,473 for Carl H. Lindner III and $1,172,087 for S. Craig Lindner. " Each Co-CEO is provided a fixed limit of 140 flight hours per year for personal use. "

Aflac provides corporate aircraft for personal use by certain executives. This use is authorized by the Board for security reasons and to maximize the effectiveness of the executives' time. Incremental costs are calculated based on actual operating expenses such as fuel, airport fees, and maintenance, and are recalculated annually. In 2023, the personal use cost for Daniel P. Amos was $205,733 and for Frederick J. Crawford was $18,840. The company does not gross up for tax purposes any perquisites related to personal use of corporate aircraft. "

AIG provides corporate aircraft for personal use by executives, specifically for the Chairman & CEO, Peter Zaffino. " The policy requires the use of corporate aircraft for business and personal travel for the Chairman & CEO, with an allowance of up to $195,000 per year for personal flights. " Any personal travel beyond this allowance must be reimbursed. " The costs associated with personal use by Mr. Zaffino and his spouse amounted to $79,182 in 2023, calculated based on aggregate incremental cost. " Personal use by other senior executives is generally prohibited, except in certain circumstances. "

Arthur J. Gallagher & Co. (AJG) provides corporate aircraft for personal use by executives when approved by the CEO. The incremental cost is calculated based on hourly incremental variable costs such as fuel, crew trip expenses, and landing/parking fees, excluding fixed costs. The company owns the aircraft used for business and personal travel and may also charter aircraft. The imputed income from personal flights is considered taxable income for the executives. " "

Allstate provides corporate aircraft for personal use by executives. The cost for personal use is calculated using the incremental cost method. " In 2023, the personal use cost for Mr. Wilson amounted to $128,604. " Allstate owns corporate aircraft and has arrangements with FlexJet. " " The Board encourages the CEO to use corporate aircraft for personal purposes when it improves his efficiency. " "

Amgen provides corporate aircraft for personal use by executives. " " Costs are calculated based on the aggregate incremental cost, including expenses like crew travel, catering, landing fees, and fuel. " " In 2023, the aggregate incremental cost for Robert A. Bradway's personal use was $56,692 " and for Murdo Gordon was $3,211. " The CEO is encouraged to use the aircraft for all travel " , and no tax gross-up is provided for personal use, except for relocation expenses. "

Ameriprise Financial provides corporate aircraft for personal use by executives under specific circumstances, including as part of the CEO's security program. The incremental cost per flight hour in 2023 was $6,692 or $6,765, and the personal use cost for the CEO in 2023 was $267,818. "

Aon provides limited personal use of corporate aircraft for certain Named Executive Officers (NEOs). The documents do not provide specific details regarding the costs, ownership structure, or policies governing the use of corporate aircraft beyond the mention of limited personal use. "

Apollo Global Management, Inc. provides corporate aircraft for personal use by executives. " Apollo Management Holdings, L.P., a subsidiary, leases an aircraft beneficially owned by MarCar 5000 LLC, a company owned by Marc Rowan, for business use and covers associated costs. " Personal use is subject to a formal policy approved by the Compensation Committee and requires reimbursement. " For example, Mr. Belardi reimbursed Apollo for personal use in 2023 " and has a time-sharing agreement allowing up to 25 flight hours per year with payments not exceeding $120,000 annually. "

Aramark provides corporate aircraft for personal use by executives. Executives reimburse the company for the incremental cost, which includes variable costs like fuel and landing fees. " " The company has a fractional ownership share in the aircraft. " Certain executives have Aircraft Time Sharing Agreements allowing for this personal use. " "

AutoZone provides corporate aircraft for personal use by senior executives. " Executives can use the private aircraft for personal travel under an agreement. " The company must be reimbursed for direct, incremental costs (such as fuel, maintenance related to the trip, ramp fees, pilot expenses, and special insurance). " Fixed costs (like regular insurance, hangar fees, depreciation, and subscriptions) are paid by the company and do not require reimbursement. "

Boeing provides corporate aircraft for personal use by executives. The CEO is required to use company aircraft for all business and personal travel due to security reasons, while other named executive officers are permitted occasional personal use subject to availability. Costs related to aircraft use for executives were reviewed and reclassified as perquisites for 2022 and 2021. "

Ball Corporation provides corporate aircraft for personal use by executives under specific circumstances. The incremental costs for personal use are determined based on variable operating costs, excluding fixed costs. " For example, in 2023, the total personal use cost for Daniel W. Fisher was $30,755 and for Scott C. Morrison was $72,564. "