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Stock impact report

FAA launches investigation into US airlines over flight cuts ordered during the shutdown [Yahoo! Finance Canada]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
The FAA warned in letters sent Monday that the airlines could face fines of up to $75,000 for each flight over the mandated reductions, which fluctuated between 3%, 4%, and 6% . The airlines have 30 days to provide documentation showing they complied with the order, the agency said Friday in a statement. The 43-day shutdown that began Oct. 1 led to long delays as unpaid air traffic controllers missed work, citing stress and the need to take on side jobs. The FAA said requiring all commercial airlines to cut domestic flights was unprecedented but necessary to ensure safe air travel until staffing at its control towers and facilities improved. After the shutdown ended Nov. 12, airlines seemed to anticipate that the FAA would lift or relax the restrictions. With the order still in place on Nov. 14 requiring 6% cuts, just 2% of scheduled U.S. departures that day were canceled, according to aviation analytics firm Cirium. More than 10,000 flights were canceled between Nov. 7, when t Show less Read more
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