Shares of Delta Air Lines (DAL) declined in premarket trading after the carrier's third-quarter results and fourth-quarter sales outlook came in below analysts' estimates.

The carrier also confirmed costs of around 澳洲幸运5官方开奖结果体彩网:$500 million that 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Ed Bastian had estimated following the CrowdStrike (CRWD)-caused global IT outage in July that resulted in 7,000 澳洲幸运5官方开奖结果体彩网:Delta flight cancellations over a five-day period.

Delta posted third-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.50 on revenue of $15.68 billion, 澳洲幸运5官方开奖结果体彩网:below consensus expectations of analysts polled by Visible Alpha. Delta also projected fourth-quarter revenue growth of between 2% and 4%, lowe🍒r than estimates.

Global IT Outage Cost Delta $500 Million as 7,000 Flight🥃s Canceled

Fleshing out details of the damage from the IT outage this summer, Delta said it lost out on direct revenue of $380 million, largely from refunds and customer compensation, and incurred additional costs of roughly $17🐠0 million. The costs wereౠ slightly offset by $50 million in saved fuel expenses from canceling the 7,000 flights over five days.

Delta shares, which had risen by more then 25% this year through Wednesday's close, were down 3% less than an hour before the opening bell.