Delta Air Lines CEO Ed Bastian (DAL) claims the global outages linked to a CrowdStrike (CRWD) update disrupting Microsoft Windows (MSFT) systems will end up ...
) systems will end up costing the company $500 million in losses. Many of the losses will have to cover all the reimbursements to affected customers.Delta Airline saying that the crowd strike Microsoft outage cost the company up to $500 million.And this is fascinating because we have been waiting on the edge of our seats for companies to talk about the tangible impact of those outages.
And, and of course, the potential consumer compensation costs that were put in under the Biden administration through uh Transportation Secretary Buttigieg is another cost to the company here moving forward.
And you talk about the backlash and I think what one of my takeaways from this crowd strike outage and you talk about it was a result of a bug with crowdstrike systems, right?And then because of that, it affected some of these larger companies like Delta, there's backlash across the board. You're also seeing some push back, some worry ultimately about what this could mean for consumers may be more reluctant to uh fly on Delta here at least in the short term.
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