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AIRLINE DEFENDANTS SETTLE ANTITRUST CLASS ACTION CLAIMS

 AIRLINE DEFENDANTS SETTLE
 ANTITRUST CLASS ACTION CLAIMS
 ATLANTA, June 22 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) American Airlines, United Airlines and USAir have agreed to settle class action claims asserted against them and other U.S. air carriers in the Domestic Air Transportation Antitrust Litigation pending in the U.S. District Court in Atlanta, Georgia. The class action suit, which was filed in July 1990, challenges certain practices related to the airlines' use of Airline Tariff Publishing Company, Inc. ("ATP"), an industry-owned computerized fare publishing service.
 Delta denied the charges of the suit and maintains that the ATP computerized publishing service benefits consumers by providing rapid public distribution of all airline fare information. Delta also stated that the service in no way violates antitrust laws. The settlement is without admission of any liability. Delta said it agreed to settle the case to avoid the expense and diversion of management time and effort associated with protracted litigation. Northwest Airlines and TWA had previously agreed to settle the case.
 Under the terms of the settlement, which is subject to court approval, the four air carriers will pay $44 million in cash and $368.5 million in certificates valid for purchase of domestic air travel on any of the four airlines. Delta's share of the cash settlement is approximately $12 million.
 The certificates would provide a dollar-for-dollar discount against the cost of a ticket. The discount generally would provide for credits of up to 10 percent against the cost of roundtrip airline tickets and of up to 20 percent on roundtrip tickets below $100. The certificates would be usable for a period of up to five years.
 Certificates would not be issued until the settlement is approved by the court. It is expected that the court will consider approval of the settlement in October, following notice to class members.
 Because the agreement is subject to court approval, Delta said it will make no further comments pending completion of the court's review and approval process.
 Any inquiries regarding the settlement shall not be directed to Delta but should be sent to:
 Airline Antitrust Litigation
 P. O. Box 209
 Philadelphia, PA 19107
 -0- 6/22/92
 /CONTACT: Delta Air Lines Public Relations, 404-715-2590/
 (DAL) CO: Delta Air Lines, Inc.; American Airlines; United Airlines; USAir ST: Georgia IN: AIR SU:


BR-BN -- AT015 -- 2575 06/22/92 17:02 EDT
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Publication:PR Newswire
Date:Jun 22, 1992
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