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Delta says chaos after CrowdStrike outage cost it $380 million in revenue - TL;DR CNBC

Delta says chaos after CrowdStrike outage cost it $380 million in revenue

Publishing timestamp: 2024-08-08 19:22:13


Summary

Delta Air Lines lost $550 million due to CrowdStrike outage, with $380 million revenue hit in current quarter and $170 million in expenses. Delta plans to pursue legal action against Microsoft and CrowdStrike to recoup costs. CrowdStrike responded by saying Delta is pushing a misleading narrative. Delta's lawyer stated that 1.3 million customers were affected by the outage and 37,000 Delta computers were shut down. Delta's cancellations in the days after the outage exceeded its total for all of 2019.


Sentiment: NEGATIVE

Tickers: CRWDMSFTDAL

Keywords: transportationaerospace and defense industrybusinesstravelbusiness newslifetechnologybreaking news: businessmicrosoft corpdelta air lines inccrowdstrike holdings incairlinesbreaking news: technology

Source: https://www.cnbc.com/2024/08/08/delta-says-chaos-after-crowdstrike-outage-cost-it-380-million-in-revenue.html


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