I thought that inside info was non-public material info and so air-traffic data is not non-public per-se and so it's fair game. No?
If you manage to discover confidential data in a way that does not compromise such an agreement or duty, you're fine. Obviously you should engage with an attorney instead of taking legal advice from a random HN comment, but there's really no issue with this. Information asymmetry is a fundamental part of the market and not illegal on its own.
Source: I used to work in financial forecasting using significant amounts of alternative data.