'Caused by Crowdstrike': Delta CEO cites tech disruption as earnings miss

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Delta Air Lines News

Crowdstrike,Phoenix Sky Harbor International Airport,Earnings Per Share

Delta misses Q3 expectations, blaming Crowdstrike after a massive IT debacle wiped valuable revenue and earnings from the quarter.

Five crucial days determined the difference between a sizable third quarter beat and a disappointing miss for Delta Air Lines Travel, healthcare and banking were just a few of the many sectors rendered virtually inoperable in the midst of a faulty software update initiated by Crowdstrike, until the issue was remedied.

The airline operator offered a fourth quarter earnings per share range of $1.60 to $1.85, while analyst estimates are currently anticipating $1.78. DCO and UNDP Enter a New Partnership to Bridge Global Digital Divide and Accelerate Progress Towards the SDGs Through Strengthened Digital Collaboration. Bio-based Acrylonitrile Market is Expected to Reach an Estimated USD 381.9 million by 2034 with a CAGR of 8.1% from 2024 to 2034 | Analysis by Transparency Market Research Inc.

 

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