Delta Reportedly Facing $500 Million Loss From CrowdStrike Outage

Delta Air Lines is reportedly facing a half-billion dollar hit after last week's IT outage. According to Bloomberg News, analysts at Citigroup lowered estimates for Delta's third-quarter adjusted earnings by 60 cents a share in a new report to $1.37, citing "operational expenses and potential customer compensation costs" after the outage. In addition, analyst Stephen Trent also reduced two profit metrics by about $500 million each. The report also cites a note from Conor Cunningham of Melius Research, who e ...