Delta (DAL) Says August Tech Outage Will Hit Operating Margin by ~1.5 Points
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Delta Air Lines (NYSE: DAL) says that the operational disruption to its online systems in August will reduce pretax income by about $150 million, or 1.5 points of operating margin.
September-quarter revenues are expected to drop around 7 percent, which includes approximately 1 point of pressure due to the tech outage.
Operating margin for the current quarter is now seen at 18 - 19 percent.
Information comes from slides presented at a Cowen and Company 9th Annual Global Transportation Conference today.
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