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U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.1% on Thursday.
September's CPI numbers have all come in higher than consensus estimates.
Is it too late to invest in Delta Air Lines Inc (NYSE: DAL)? It's a reasonable question to ask considering the stock has already rallied about 40% since August 7th.
Delta's third quarter earnings revealed just how badly the company was affected by July's CrowdStrike meltdown. Transcript: Remy Blaire: I'm Remy Blaire reporting from the New York Stock Exchange.
Delta Airlines on Thursday said it still plans to seek compensation from cybersecurity firm CrowdStrike over an IT outage in July.
Delta Air Lines reported a $380 million hit from the CrowdStrike outage. The carrier spent about $170 million on customer and crew-related costs — but saved on fuel.
Delta Air Lines' stock was headed for another post-earnings selloff on Thursday, after the air carrier missed third-quarter profit expectations and gave a downbeat revenue growth outlook, as travel is expected to decline around the election.
CNBC's Phil LeBeau joins 'Squawk Box' to report on the company's quarterly earnings results.
Delta expects fourth-quarter earnings of between $1.60 and $1.85 a share. Delta had previously said the CrowdStrike outage cost it $380 million in revenue and amounted to a 45-cent hit to earnings in the third quarter.
Delivering industry-leading operational and financial performance year-to-date Expect record December quarter revenue and an 11% - 13% operating margin, expanding over prior year Generating strong Return on Invested Capital, exceeding cost of capital by 5 points Upgraded to investment grade credit rating by Fitch, recognizing continued progression on debt reduction ATLANTA , Oct. 10, 2024 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the September quarter and provided its outlook for the December quarter. Highlights of the September quarter, including both GAAP and adjusted metrics, are on page five and incorporated here.