CrowdStrike's lawyer said Delta turned down onsite assistance from CrowdStrike after the July outage that caused thousands of flight cancellations. Delta CEO estimated the mass cancellations cost the company $500 million, while CrowdStrike's liability is capped at under $10 million. Delta canceled over 5,000 flights after the outage, taking longer to recover operations than its rivals. CrowdStrike's lawyer said Delta would need to explain why it did not cooperate with CrowdStrike after the incident. CrowdStrike shares have fallen over 36% since the July outage.
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00:00It's Benzinga, and here's what's on the block.
00:02CrowdStrike's lawyer said Delta turned down on-site assistance from CrowdStrike in the
00:06wake of the July outage that caused thousands of flight cancellations.
00:10Delta's CEO estimated the mass cancellations cost the company $500 million, while CrowdStrike's
00:15liability is capped at under $10 million.
00:18Delta canceled over 5,000 flights after the outage, taking longer to recover operations
00:22than its rivals.
00:24CrowdStrike's lawyer said Delta would need to explain why it did not cooperate with CrowdStrike
00:28after the incident.
00:29CrowdStrike's shares have fallen over 36% since the July outage.
00:32For all things money, visit Benzinga.com.