Delta Lowers Profit Margin Forecast After Outage

Industries Reuters

Delta Air Lines passengers wait in line at a ticket counter at Newark Liberty International Airport in Newark, N.J., Monday, Aug. 8, 2016. Delta Air Lines delayed or canceled hundreds of flights Monday after its computer systems crashed, stranding ... thousands of people on a busy travel day. (AP Photo/Seth Wenig)

Delta Air Lines has lowered its operating profit margin forecast for the third quarter after a power outage in August forced it to cancel 2,300 flights over a three-day period, the company said in a filing on Wednesday.

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Delta, the No. 2 U.S. airline by passenger traffic, said it expected a margin of between 18 percent and 19 percent, compared with a prior outlook of 19 percent to 21 percent. The outage and efforts that followed reduced the airline's quarterly pretax income by $150 million, the company said.

(Reporting by Jeffrey Dastin in New York; Editing by Lisa Von Ahn)