🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

DOT opens investigation into Delta Air Lines amid mass flight cancellations

Published 23/07/2024, 14:02
© Reuters.
MSFT
-
DAL
-
CRWD
-

The U.S. Department of Transportation (DOT) has opened an investigation into Delta Air Lines (NYSE:DAL) following significant flight disruptions caused by a cyber outage on Friday. The outage, linked to the IT security service CrowdStrike (NASDAQ:CRWD), affected Microsoft (NASDAQ:MSFT) systems globally.

Secretary Pete Buttigieg announced on X that the investigation aims "to ensure the airline is following the law and taking care of its passengers during continued widespread disruptions." He emphasized that "all airline passengers have the right to be treated fairly, and I will make sure that right is upheld."

After canceling over 1,100 flights on Monday, Delta had already canceled nearly 200 more by 8 a.m. on Tuesday. The airline continues to grapple with delays and cancellations this week as it tries to recover from the global outage.

“In the past week, Delta Air Lines had highest percentage of cancelations at ~15.1% of captured flights,” analysts at Morgan Stanley highlighted.

DAL has faced severe impacts from the disruptions, with delays persisting across its global network throughout the weekend and into Monday. This has resulted in long lines and disrupted travel plans at Hartsfield-Jackson Atlanta International Airport.

In response to the inconvenience, Delta has announced it will provide travel vouchers and waivers for affected passengers.

Morgan Stanley said the majority of delays and cancellations took place on Friday. Although some airlines managed to resume operations by the afternoon, cancellations continued into Saturday and Sunday.

According to the AlphaWise flight data tracker, approximately 7,655 out of 126,760 tracked flights from nine major U.S. airlines were canceled between July 15th and July 21st, making up about 6% of their scheduled flights. Of the recorded cancellations, around 34% happened on Friday, while 24% occurred on both Saturday and Sunday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.