Delta's earnings take $380 million hit from CrowdStrike outage

Airline customers wait in line for service at a Delta desk after mass cancellations and delays (Credit: Hector Vivas—Getty Images)

Delta’s earnings took a big third quarter hit as a result of the recent CrowdStrike cybersecurity debacle, causing the airline to slightly miss Wall Street’s estimates. The mixed report initially caused the stock to plunge 5% in premarket trading Thursday morning before shares steadied before the bell. The stock is trading above the $50 mark at the time of publication, up nearly 25% for the year.

Delta struggled to recover from the massive IT outage in July after a failed software update from CrowdStrike, a prominent cybersecurity company, crippled Microsoft systems around the world. The airline was forced to cancel roughly 7,000 flights in the peak of summer travel season, resulting in a $380 million hit to revenue.