Delta Air Lines lowers Q3 revenue forecast due to July cyber outage causing 7,000 flight cancellations and $380M revenue loss.

Delta Air Lines has lowered its third-quarter revenue forecast to a flat or 1% increase due to a significant cyber outage in July caused by a CrowdStrike software update. This incident resulted in the cancellation of about 7,000 flights and an estimated $380 million revenue loss, along with $170 million in additional expenses. Despite this setback, Delta's stock rose nearly 5%, and it still anticipates strong earnings for the fiscal year, while facing a U.S. Transportation Department investigation.