tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

FAA probing airlines’ flight reductions during government shutdown, WSJ reports

The FAA has intensified its probe into whether airlines followed mandated flight cuts during the government shutdown, sending letters that require carriers to show proof of compliance within 30 days, The Wall Street Journal’s Andrew Tangel and Dean Seal report. Airlines that exceeded the limits could face fines of up to $75,000 per flight. “If we do not hear from you within the specified time, our report will be processed without the benefit of your statement,” said one FAA letter viewed by the Journal. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), Frontier Group (ULCC), JetBlue (JBLU), Southwest (LUV), Sun Country Airlines (SNCY) and United Airlines (UAL).

TipRanks Cyber Monday Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1