Delta Seeks Damages From Microsoft, CrowdStrike After Major System Outage
Portfolio Pulse from Shivani Kumaresan
Delta Air Lines is seeking damages from CrowdStrike and Microsoft after a major system outage caused by a software update led to significant financial losses and flight cancellations. The incident has prompted an investigation by the Department of Transportation.
July 30, 2024 | 6:05 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CrowdStrike is facing potential legal action from Delta Air Lines after a software update caused a major system outage, leading to significant financial losses and flight cancellations.
The potential legal action and the negative publicity from the outage could negatively impact CrowdStrike's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Delta Air Lines is pursuing damages from CrowdStrike and Microsoft after a software update caused a major system outage, leading to significant financial losses and flight cancellations.
The outage has caused significant financial losses and operational disruptions for Delta, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft is facing potential legal action from Delta Air Lines after a software update caused a major system outage, leading to significant financial losses and flight cancellations.
The potential legal action and the negative publicity from the outage could negatively impact Microsoft's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80