00:00It's Benzinga, and here's what's on the block.
00:02Delta Airlines said the CrowdStrike outage and subsequent flight cancellations last month
00:07cost the company around $550 million in total. This includes a $380 million hit to revenue in
00:14the current quarter from refunding customers and providing compensation for cancelled flights.
00:18Delta also faced a $170 million expense from dealing with the outage and recovering operations.
00:24Delta is pursuing legal action against CrowdStrike and Microsoft to recoup costs from the incident.
00:29CrowdStrike claims Delta is pushing a misleading narrative and that they
00:33contacted Delta within hours to offer support. For all things money, visit Benzinga.com.
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