Airlines Hike Fares Amid Strong Summer Demand and Cyber Outage Fallout

Delta and Alaska Air adjust revenue forecasts, citing impacts from a major CrowdStrike outage and robust summer travel demand.

Delta Airlines revised its third-quarter revenue forecast downward after a CrowdStrike cyber outage in July caused significant flight cancellations.
Alaska Airlines raised its profit forecast for the third quarter, benefiting from strong summer travel demand and re-bookings from customers affected by the outage.
The U.S. inflation report for August showed a 3.9% increase in airfare prices, ending a five-month streak of declines.
Delta expects a $500 million hit from the outage, including $380 million in direct revenue loss and $170 million in additional expenses.
Major airlines, including JetBlue and Frontier, have also adjusted their revenue forecasts, citing higher demand and benefits from accommodating passengers stranded by the outage.