Delta Air Lines' Q3 earnings dropped 26% to $971m due to a global tech outage causing flight cancellations.

Delta Air Lines reported a 26% drop in third-quarter earnings to $971 million, primarily due to a global technology outage in July that caused thousands of flight cancellations. While revenues slightly increased, costs for labor and airport fees surged. Delta anticipates a return to year-over-year earnings growth in the current quarter, bolstered by strong holiday bookings despite a potential dip in travel spending due to the upcoming elections. The outage, linked to a faulty update from CrowdStrike, is under investigation by the U.S. Department of Transportation.

October 10, 2024
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