Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Kaya Yurieff

Delta Air stock slumps, grounds flights after tech problem

NEW YORK (TheStreet) -- Shares of Delta Air Lines (DAL) are down in pre-market trading on Monday after a computer problem was caused by a power outage in Atlanta.

Flights worldwide were delayed and airport screens and Delta's website were not showing updated flight status information, Reuters noted.

"A power outage in Atlanta, which began at 2:38 a.m. ET, has impacted Delta computer systems and operations worldwide, resulting in flight delays and cancellations today," the Atlanta-based air carrier said.

"Delta's information technology team is working to resolve the problem," the company added.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity.

The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: DAL

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.