Delta Seeks $500M from CrowdStrike, Microsoft After Outage Causes 7,000 Cancellations, $380M Revenue Hit

Aug 8, 2024, 07:50 PM

Delta Air Lines is pursuing legal claims against CrowdStrike and Microsoft to recover damages from a July outage that led to 7,000 flight cancellations. The incident is expected to impact Delta's third-quarter 2024 financial results, with an estimated $380 million hit to revenue. Additionally, the outage has resulted in $170 million in non-fuel expenses and $50 million in lower fuel costs. Delta is seeking to recover at least $500 million in damages.