Delta Air Lines (DAL) settles federal COVID-19 fund misuse case, agreeing to an $8.1 million payment following claims of exceeding compensation limits for executives. The airline, listed as a cheap transportation stock, denied wrongdoing but opted for settlement to avoid litigation.

The Payroll Support Program, under the CARES Act, aimed to help airlines retain workers during the pandemic. Delta Air Lines allegedly violated terms by overcompensating executives in 2020 and 2023. Despite denying the allegations as a “technical disagreement,” the company settled for $8.1 million to avoid costly legal proceedings.

Delta Air Lines provides scheduled air transportation services for passengers and cargo in the U.S. and internationally. While considered a viable investment, other AI stocks may offer better upside potential and lower risks. Interested investors can explore opportunities beyond DAL in the AI sector for better returns.

Read more at Yahoo Finance: Delta Air Lines, Inc. (DAL) Agrees to $8.1 Million Settlement of Federal COVID-19 Fund Misuse Case