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CrowdStrike shares fell tumbled 11% on Tuesday to their lowest level of the year following a report that Delta Air Lines hired prominent attorney David Boies to seek damages from the security software vendor. CrowdStrike fell $28.98 to $228.83 as of early afternoon trading. Late Monday, CNBC's Phil Lebeau reported that Delta hired Boies, chairman of Boies Schiller Flexner, to seek compensation from CrowdStrike and Microsoft . No suit has been filed, Lebeau reported, and Delta didn't respond to a request for comment. The Department of Transportation said last week that it's investigating Delta due to the widespread flight disruptions and service failures.
Persons: CrowdStrike, David Boies, CNBC's Phil Lebeau, Boies, Boies Schiller, Lebeau, Harvey Weinstein, Elizabeth Holmes Organizations: Delta Air Lines, Microsoft, Delta, Department of Transportation, U.S, Hollywood
Read previewSome parents say they were left scrambling to help their stranded kids after Delta Air Lines suddenly changed its policies as it grapples with extended delays and cancellations that stretched into the fourth day. "It was about three hours of sheer panic," one of the parents, Cecilia Stone, told Business Insider. AdvertisementAfter the outage, Delta barred unaccompanied minors from traveling, a move its competitors have not implemented. AdvertisementDonald had a regular ticket, but as a minor was still not allowed to fly, Stone told BI. AdvertisementDelta told Business Insider in a statement that it stopped unaccompanied kids from traveling "to protect minors from being separated from their families and caregivers in the event of flight disruptions or cancellations."
Persons: , Cecilia Stone, Transportation Pete Buttigieg, Joel Fortney, wasn't, Fortney, Donald, Stone, Delta didn't, hasn't Organizations: Service, Delta Air Lines, Delta, Business, Transportation, The New York Times, Navy, Delta Airlines Locations: Iowa, Maine, Chicago, Salt Lake City, San Diego
A 13-year-old girl was sexually assaulted on a Delta Air Lines flight in 2022. A lawsuit filed last Monday says Delta didn't restrain him and allowed him to roam around the cabin. AdvertisementDelta Air Lines is being sued by the family of a 13-year-old girl who was sexually assaulted on a flight. "After the flight landed, Delta did not restrain Durning or arrange for law enforcement to escort him off the plane," the lawsuit says. Delta Air Lines did not immediately respond to a request for comment sent by BI outside US working hours.
Persons: Brian Patrick Durning, Delta didn't, , Durning Organizations: Delta Air Lines, Service, ZB, BI Locations: California, Los Angeles, Orlando, Delta
Delta Air Lines ' popular airport lounges are getting a more exclusive tier, in the airline's latest push to cater to high-spending travelers. The first "premium" lounge is scheduled to open in June at New York's John F. Kennedy International Airport, and at 38,000 square feet, it will be the largest of the carrier's lounges, Delta said on Thursday. Other high-end Delta lounges will open in Boston and Los Angeles later this year. The new strategy shows Delta moving away from a one-size-fits-all approach for its airport travelers. The airline is joining United Airlines , which operates Polaris lounges, and American Airlines ' which has Flagship lounges, along with standard airport clubs.
Persons: John F, Delta Organizations: Delta Air Lines, New, Kennedy International Airport, Sky Clubs, United Airlines, Polaris, American Airlines, Delta, New York's LaGuardia Locations: Boston, Los Angeles, Delta, JFK, Charlotte , North Carolina, Seattle, Miami
Delta lays off some corporate workers to cut costs
  + stars: | 2023-11-01 | by ( Leslie Josephs | ) www.cnbc.com   time to read: 1 min
Delta Air Lines is cutting some corporate jobs in an effort to cut costs as the industry grapples with higher expenses such as for fuel and labor. "While we're not yet back to full capacity, now is the time to make adjustments to programs, budgets and organizational structures across Delta to meet our stated goals — one part of this effort includes adjustments to corporate staffing in support of these changes," Delta said in a statement to CNBC. "These decisions are never made lightly but always with care and respect for our impacted team members and the Delta family." Delta didn't specify how many jobs it is cutting and said they do not affect frontline workers like pilots or flight attendants. Check back for updates.
Persons: Delta Organizations: Delta Air Lines, CNBC Locations: Delta
The 2023 North America Airline Satisfaction Study, from J.D. Power this month released its 2023 North America Airline Satisfaction Study, which measures passenger satisfaction among business and leisure travelers of major airline carriers. The best airlines in North America in 2023JetBlue Airways ranked no. Alaska Airlines ranked third with an overall customer satisfaction score of 823. Southwest Airlines topped the list for best basic economy and economy.
Delta Air Lines plans to curb employee access to its plush and popular airport lounges next month, its latest attempt to ease crowding. "The employee discount on Delta Sky Club memberships also is discontinued," said the memo, which was seen by CNBC. Complimentary seats on planes are a major perk for airline staff, and they aren't just used for vacation. American and United say they aren't planning similar policy changes for their lounges, though carriers occasionally tweak employee travel policies. For example, those carriers paused certain employee travel perks to London over the summer due to congestion.
A Delta Airlines Airbus A-350 aircraft, flight number DL40 bound for Los Angeles takes off from Kingsford Smith International Airport on July 26, 2021 in Sydney, Australia. Delta Air Lines expects to post another profit in the last quarter of the year and said both leisure and business travel continue to recover. For the third quarter, Delta reported net income of $695 million, or $1.08 per share, on record revenue of close to $14 billion, the results of a surge in summer travel with high fares to match. Adjusting for one-time items, Delta posted earnings per share of $1.51, while adjusted revenue came in at $12.8 billion, 3% above 2019 levels, despite a smaller schedule. Adjusted revenue: $12.84 billion versus $12.87 billion expected.
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Labor unions don't want them to spend it on stock buybacks. A condition of the $54 billion in federal aid that airlines received to pay workers during the Covid pandemic prohibited carriers from share buybacks. Many of the workers represented by the unions advocating against a resumption of buybacks are in contract negotiations with their carriers. She estimated that the earliest that airlines would resume would be mid-2023, with Alaska Airlines and Southwest the most likely candidates among U.S. carriers.
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