2 weeks ago
Key Takeaways
- Delta COO Michael Spanos is departing aft conscionable a twelvemonth pinch nan carrier, according to an SEC filing.
- Spanos' departure comes a period aft a world IT outage led Delta to cancel thousands of flights, which CEO Ed Bastian said costs nan institution $500 million.
- Spanos antecedently had expressed imaginable liking successful leaving nan company, according to a Bloomberg report that cited a memo from Bastian.
Delta Air Lines (DAL) Chief Operating Officer (COO) Michael Spanos is leaving nan hose aft conscionable a twelvemonth pinch nan institution connected Aug. 31, according to a Securities and Exchange Commission (SEC) filing.
Spanos' departure comes a period aft a world Microsoft (MSFT) Windows outage triggered by a botched CrowdStrike (CRWD) software update resulted successful Delta's canceling thousands of flights successful nan pursuing days, acold much than rivals United Airlines (UAL) and American Airlines (AAL).
The debacle cost nan hose astir $500 million, Chief Executive Officer (CEO) Ed Bastian said, and nan U.S. Department of Transportation (DOT) opened an investigation into Delta's handling of nan aftermath.
Spanos Reportedly Already Was Looking Elsewhere
However, Spanos already was looking elsewhere anterior to nan outage, according to Bloomberg. The COO had informed Bastian of his imaginable liking successful leaving nan institution "earlier this summer," according to a memo from nan CEO cited successful nan report, and that Spanos intends to subordinate different company.
Shares of Delta roseate astir 3% to $41.27 arsenic of 3 p.m. ET Friday to move into affirmative territory for nan year.
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