CrowdStrike shares continue falling as Delta Air Lines seeks damage compensation

Shares of CrowdStrike continued to decline Tuesday amid reports that Delta Air Lines is seeking compensation from it and Microsoft following a major global IT outage.

The American cybersecurity technology firm's stock price closed the session at $233.65 per share for a 9.72% daily loss.

Since closing at $343.05 per share on July 17, the stock price has plummeted 32%, according to data compiled by Anadolu.

Due to the global IT outage on Friday, Delta Air Lines saw a meltdown in its services that led to thousands of flights being cancelled and around half a million customers stranded at airports, which is expected to cost the airline hundreds of millions of dollars.

The US Department of Transportation opened an investigation last week into Delta Air Lines to ensure that the airline is following the law and taking care of passengers during the continued widespread disruptions.

CrowdStrike CEO George Kurtz said last week that 97% of Windows sensors were back online as of Thursday.


The company said a content configuration update affected the Falcon Sensor, which protects key risk areas and the Windows operating system, causing the global IT outage. The defect in the content update was reverted later last Friday.


The global outage hit thousands of computers around the world and caused interruptions in devices using the Windows operating system.