DELTA AIR LINES, INC.

(DAL)
  Report
Real-time Estimate Cboe BZX  -  12:02 2022-08-16 pm EDT
35.44 USD   +1.24%
08/15Melius Research Initiates Coverage of Delta Air Lines With Buy Rating, $41 Price Target
MT
08/12U.S. allows Delta to temporarily cut some New York, Washington flights
RE
08/12Delta can temporarily cut some New York, Washington flights - FAA
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Delta to Pay $10.5 Million in Settlement Over Alleged False Reports of U.S. Mail Delivery

06/30/2022 | 03:20pm EDT

By Kathryn Hardison


Delta Air Lines Inc. will pay $10.5 million to settle allegations that it falsely reported delivery times of U.S. mail that it carried internationally.

The Department of Justice said Thursday that Delta agreed to pay the settlement to resolve its alleged liability under the False Claims Act.

The U.S. Postal Service contracted Delta to pick up mail at various locations and deliver it to destinations in the U.S. and abroad. Delta was required to submit electronic scans of the mail receptacles to USPS to report when mail was delivered, but allegations were made that the air carrier falsely reported delivery times.

The DOJ said this marks the sixth civil settlement involving air carrier liability for false delivery scans under such USPS contracts, and the U.S. has recovered more than $80 million combined as a result of its investigation.


Write to Kathryn Hardison at kathryn.hardison@wsj.com


(END) Dow Jones Newswires

06-30-22 1519ET

All news about DELTA AIR LINES, INC.
08/15Melius Research Initiates Coverage of Delta Air Lines With Buy Rating, $41 Price Target
MT
08/12U.S. allows Delta to temporarily cut some New York, Washington flights
RE
08/12Delta can temporarily cut some New York, Washington flights - FAA
RE
08/12U.S. flight cancellations, delays this year surpass 2019 levels - data
RE
08/11DELTA AIR LINES : appoints Alex Antilla as Vice President for Latin America
PU
08/10Delta Business brings robust set of business travel tools, products and services under ..
AQ
08/09U.S. lawmakers look to crack down on airlines over canceled flights
RE
08/09Boeing deliveries slip to five-month low in July
RE
08/09Delta, Citizens Trust Bank continue to build financial mobility in Atlanta's underserve..
AQ
08/08DELTA AIR LINES : Citizens Trust Bank continues to build financial mobility in Atlanta's u..
PU
More news
Analyst Recommendations on DELTA AIR LINES, INC.
More recommendations
Financials (USD)
Sales 2022 49 205 M - -
Net income 2022 1 453 M - -
Net Debt 2022 20 899 M - -
P/E ratio 2022 15,8x
Yield 2022 -
Capitalization 22 339 M 22 339 M -
EV / Sales 2022 0,88x
EV / Sales 2023 0,84x
Nbr of Employees 83 000
Free-Float 98,1%
Chart DELTA AIR LINES, INC.
Duration : Period :
Delta Air Lines, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DELTA AIR LINES, INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 35,00 $
Average target price 50,25 $
Spread / Average Target 43,6%
EPS Revisions
Managers and Directors
Edward Herman Bastian President
Glen William Hauenstein EVP-Network Planning & Revenue Management
Daniel C. Janki Chief Financial Officer & Executive Vice President
Francis S. Blake Independent Director
Rahul Samant Chief Information Officer & Executive VP
Sector and Competitors