Shares of Atlanta, GA-based airline heavyweight Delta Air Lines (DAL) have not had a good time on the bourses of late, declining 11.2% over the past 30 days. Even though DAL has outperformed its industry in a month, the company has underperformed the S&P 500, of which the airline is a key member. Additionally, while DAL’s price performance compares favorably with that of United Airlines (UAL) , it is poor compared with American Airlines (AAL) in the same timeframe.One-Month Price ComparisonImage Source: Zac ...

CrowdStrike (NASDAQ:CRWD) has lost about 40% of its value during the past month as uncertainty plagues the stock following an outage that it was responsible for. The outage wasn’t a result of a product vulnerability, hack or breach, but rather because of a faulty sensor configuration update. It resulted in a “blue screen of death” on 8.5 million devices running Microsoft (NASDAQ:MSFT) Windows, including airlines and healthcare businesses.According to insurer Parametrix, the aftermath will result in an estim ...

Delta Air Lines will take a $500 million hit related to the CrowdStrike global outage as the airline pursues legal action, the company's CEO Ed Bastian said Wednesday. The airline has been the slowest among major US carriers to recover following the cybersecurity firm software update debacle that led to more than 2,200 flight cancellations on July 19. Delta lost "half a billion dollars in five days," Bastian told CNBC during an interview in Paris. 5 Delta CEO Ed Bastian said the airline suffered $500 millio ...

Core Insights - Delta Air Lines is facing $500 million in costs due to a global technology outage that occurred earlier this month, which disrupted emergency services, communications, and numerous businesses [1][4] - The outage was attributed to a bug in an update from cybersecurity company CrowdStrike, which affected millions of customer computers and led to significant operational disruptions [2][4] - Delta was the most severely impacted airline, canceling thousands of flights as key systems were rendered inoperable [4] Financial Impact - The $500 million cost includes lost revenue and daily expenses for compensation and hotel accommodations during the five-day disruption [1][4] - Delta plans to seek damages from CrowdStrike for the financial losses incurred due to the outage, although CrowdStrike has not offered any financial assistance yet [5] Regulatory and Operational Response - The U.S. Department of Transportation is investigating Delta's recovery efforts, particularly why the airline was slower to recover compared to its competitors [4] - Transportation Secretary Pete Buttigieg has indicated that the investigation will also focus on Delta's customer service issues during the outage, including reports of long wait times and unaccompanied minors being stranded [4] Cybersecurity Measures - CrowdStrike has announced plans to implement measures to prevent similar issues in the future, such as staggering update rollouts and providing customers with more control and information regarding updates [2][4]

As the world remains glued to the ongoing Olympic Games in Paris, France, several brands are strategically positioning themselves to capitalize on this event’s global exposure. Notably, companies from different sectors have already unveiled themselves as sponsors of the games. This exposure will likely drive substantial consumer engagement, an aspect that can potentially impact their respective stocks. Here are three stocks with the potential to benefit from the global event:LVMH Moet Hennessy Louis Vuitton ...

Some airlines are looking extremely attractive, but some are looking like broken business models.Although airlines are traditionally thought of as capital-intensive and money-losing businesses, Delta (DAL 1.52%) has done a fantastic job diversifying its revenue stream and delivering profits. On the other hand, one airline that used to be widely regarded as the best investment in the industry doesn't look like a great buy at all. Watch the short video below for all the details.*Stock prices used were the mor ...

These two stocks seem to be excellent value and have been sold off unfairly due to near-term earnings headwinds.It's always interesting to monitor stocks to buy during earnings season if the market overreacts to any negative news. With that in mind, I think Delta Air Lines (DAL 1.52%) and Hexcel Corporation (HXL 2.28%) are worth a look. Both stocks were sold off recently, and I think the market is treating them a little too harshly. Here's why.Delta Air Lines and market cyclicalitySupply and demand set pric ...

Delta could take a $500 million hit to its bottom line this quarter because of the global Crowdstrike outage last week, according to a Wall Street analyst.Stephen Trent, a Citi Research airline analyst, cut his profit forecast for the Atlanta-based airline’s third quarter by more than $500 million because of the meltdown, which has continued to spark flight delays and cancelations this week.Citigroup cut estimates for Delta’s third-quarter earnings per share by 60 cents a share to $1.37 a share, citing “ope ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Delta Air Lines plane leaves the gate on July 12, 2021, at Logan International Airport in Boston. U.S. airline regulators have opened an investigation into Delta Air Lines, which is still struggling to restore operations on Tuesday, July 23, 2024, more than four full days after a faulty software update caused technological hav ...

Key TakeawaysThe U.S. Department of Transportation has opened an investigation into Delta Air Lines' stretch of cancellations and delays since last Friday's global tech outage.Delta has been the most heavily impacted of the major airlines, canceling hundreds of flights Tuesday while competitors United and American Airlines were canceling far fewer.Transportation Secretary Pete Buttigieg said Tuesday that the agency is investigating whether Delta has adequately protected its customers during the cancellation ...