Delta Deals With System-Wide Outage; Investors Sell The News
Even as Delta Air Lines, Inc. (NYSE: DAL) started dealing with the system-wide outage affecting its operations, investors preferred to sell the stock following the news in pre-market trading Monday.
Earlier, the company disclosed that it experienced a computer outage impacting its flights scheduled for Monday morning. The company's statement said, "Flights awaiting departure are currently delayed. Flights en route are operating normally. Delta is advising travelers to check the status of their flights this morning while the issue is being addressed."
The incident is probably the first in the current year, or, at the very least, the most recent for Delta Airlines. However, other carriers like American Airlines Group Inc (NASDAQ: AAL) and Southwest Airlines Co (NYSE: LUV) experienced a similar technical disruption to flights both in the current year and within the last year.
The airline company advised its passengers to check the status of their flight before going to the airport. Reports indicated that nearly 3,300 flights were scheduled for Monday. This included 453 International departures.
Following the news, the stock traded down by $0.77, or 2.04 percent, to $36.90 in the pre-market trading on Monday; however, at time of publication, the stock had rebounded to $38.13.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email email@example.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.