Delta’s Q3 profit fell below $1 billion after global tech outage led to thousands of cancellations

Delta’s Q3 profit fell below $1 billion after global tech outage led to thousands of cancellations

Third-quarter earnings fell 26% at Delta Air Lines, which struggled to overcome a global technology outage that led to thousands of flight cancellations, and indications that growth in air travel is beginning to slow. Delta earned $971 million, down from $1.31 billion a year earlier. Revenue rose slightly, but spending on labor, airport landing fees and its Delta Connection regional affiliate grew much faster, the Atlanta airline said Thursday. …

Delta’s Turbulent Flight: Shares Plummet After Q3 Miss and Costly IT Outage

Delta Air Lines (DAL) experienced a significant decline in its share price following the release of its third-quarter earnings report, which failed to meet analysts’ expectations. The airline posted adjusted earnings per share (EPS) of $1.50 on revenue of $15.68 billion, falling short of the consensus estimates compiled by Visible Alpha. This disappointing performance, combined with the lingering effects of a major IT outage, contributed to a 3%…

Delta Air Lines spent $170 million on customer and crew-related costs in wake of CrowdStrike outage

Delta Air Lines reported a healthy quarterly profit despite the CrowdStrike impact.Andrew Kelly/ ReutersDelta Air Lines reported a $380 million hit from the CrowdStrike outage.The carrier spent about $170 million on customer and crew-related costs — but saved on fuel.Delta stock fell in premarket trading despite the positive numbers before turning positive.Delta Air Lines spent about $170 million on customer and crew expenses after July's CrowdS…

Delta's Q3 profit fell below $1 billion after global tech outage led to thousands of cancellations – KION546

AP Airlines Writer Delta Air Lines says third-quarter earnings fell 26% largely because of fallout from a technology outage that caused several thousand canceled flights in July. It’s the second straight quarter that Delta’s profit has dropped from the same period last year. Delta said Thursday that it expects to return to year-over-year earnings growth in the fourth quarter. CEO Ed Bastian says bookings for Thanksgiving and Christmas are strong…

Delta's Q3 profit fell below $1 billion after global tech outage led to thousands of cancellations

Delta Air Lines says third-quarter earnings fell 26% largely because of fallout from a technology outage that caused several thousand canceled flights in July.

Delta's Q3 profit fell below $1 billion after global tech outage led to thousands of cancellations - Overpasses For America

Third-quarter earnings fell 26% at Delta Air Lines (DAL), which struggled to overcome a global technology outage that led to thousands of flight cancellations, and indications that growth in air travel is beginning to slow. Shares slumped almost 6% before the opening bell, dragging down other airlines as well. Delta earned $971 million, down from $1.31 billion a year earlier. Revenue rose slightly, but spending on labor, airport landing fees and…