The Associated Press reports that the E.U. is opening an investigation into whether three airlines, including Delta (NYSE:DAL), violated E.U. antitrust rules.The bloc is probing whether the airlines, who are all members of a joint venture called the SkyTeam alliance, illegally collaborated on flights between Europe and the U.S., the news service explained. Air France-KLM and Alitalia are the other two airlines.Delta Air Lines (NYSE:DAL) has potential upside of 36.2% based on a current price of $10.49 and an average consensus analyst price target of $14.29.
