Delta Air Lines Inc. said on Wednesday that a three day-long computer failure in early August is expected to cost it $150 million of pre-tax income in the third quarter. Those technology problems, which forced Delta to cancel more than 2,000 flights, should account for around one point of unit revenue decline in the third quarter, of an about 7% total decline, the company said in a regulatory filing. Delta said it was on track for a 18% to 19% operating margin and nearly $1.5 billion of operating cash flow in the quarter, despite the technology failure’s “operational disruption, volatile fuel prices, and continued unit revenue weakness.” Delta shares dropped 12.5% over the last three months, compared with a 3.5% rise in the S&P 500 .
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