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News in English (USA) / 10.10.2024 / 15:00

Delta Air Lines Faces Challenges in Q3 Results and Outlook

Delta Air Lines has reported disappointing results for the third quarter, with profits falling below $1 billion due to a significant global technology outage that resulted in thousands of flight cancellations. Despite reporting a revenue of $15.7 billion, the airline's earnings per share stood at $1.5, slightly missing analyst expectations. The disappointing Q3 results prompted a downgrade in the airline's fourth-quarter revenue guidance, leading to a drop in its stock price. Analysts have noted that Delta spent $170 million in response to the outage, which impacted customer and crew services. On a more positive note, Delta remains optimistic about a potential rebound in the upcoming quarter, anticipating a record profit driven by strong holiday bookings.
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