With Delta (DAL) shares moving south lately, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
Delta (DAL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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.
Delta CEO Ed Bastian said the airline has "no choice" but to seek legal action against Crowdstrike.
Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in costs related to a global tech outage last week that disrupted emergency services, communications and thousands of businesses.
Delta (NYSE: DAL ) was forced to cancel at least 6,000 flights in the days following the CrowdStrike (NASDAQ: CRWD ) outage, which caused the airline to lose money. The airline has hired a top attorney to seek damages from CrowdStrike and Microsoft (NASDAQ: MSFT ), whose operating system conveyed the cybersecurity firm's disastrous update.
Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over the global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday.
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.
Some airlines are looking extremely attractive, but some are looking like broken business models.
Airlines are already responding to industry overcapacity, which is usually good news for profitability. Travel demand remains strong.
Analysts have been cutting expectations for the premium airline after it struggled to bounce back from mass delays.
Delta Air Lines Inc DAL is about to face significant financial repercussions this quarter due to a recent system failure that resulted in thousands of flight cancellations and triggered a federal investigation into the airline's response.