Delta had previously said the CrowdStrike outage cost it $380 million in revenue and amounted to a 45-cent hit to earnings in the third quarter.The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier.
"We do anticipate seeing a little choppiness around the election, which we've seen in past national elections," CEO Ed Bastian said in an interview."Consumers will, I think, take a little bit of pause in making investment decisions, whether its discretionary or other things. I think you're going to hear other industries talking about that as well."in July amounted to a 45-cent hit to adjusted earnings, which came in at $1.
Still, Delta's net income rose 15% from a year earlier to $1.27 billion in the three months ended Sept. 30, with total revenue up 1% to $15.68 billion. Passenger revenue was steady from last year, but sales from premium offerings like An oversupplied domestic market had kept a lid on airfare but Delta's president, Glen Hauenstein said the airline"industry supply growth continues to rationalize, positioning Delta well in the final quarter of the year and as we move into 2025." The carrier plans to expand capacity 3% to 4% in the fourth quarter.
Delta said it still expects its full-year adjusted earnings to come in between $6 to $7 a share, excluding the CrowdStrike impact.Boeing withdraws contract offer after talks with union end without a deal36-year-old's Etsy side hustle brings in up to $54,000 a month, takes 10 hours a week—it paid off her student loan debt