COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:  Delta Air Lines, Inc.
Parent Company:  Delta Air Lines
Award Date:  Apr 20, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $1,600,000,000
Awarding Agency:  Treasury Department
Program Name:  Payroll Support Program
Award Details: 

Delta received a total of $5.4 billion in assistance, including a $1.6 billion loan and a $3.8 billion grant (listed separately). Delta agreed to issue 6.5 million warrants to the Treasury Department to acquire its common stock.

Parent Company Data

Ownership Structure:  publicly traded (ticker symbol DAL)
Headquartered in:  Georgia
Parent Sector:  airlines
Parent Industry:  airlines
Employees (prior to pandemic):  91,000

Parent Accountability Issues Since 2010

Employment-related Penalties:  $13,971,443
Federal Corporate Income Tax Rate:  -3.70%
Environmental / Healthcare / Safety Penalties:  $2,591,065
Consumer Protection / Financial / Competition-related Penaties:  $42,720,000
Ratio of CEO Pay to that of Median Worker:  184 to 1
CEO Compensation:  $14,982,448
Worker Median Pay:  $81,355