Technical Failures Disrupt Airlines, Banks, and LSE Services
A widespread series of technical failures, erupting from the US to Asia, have disrupted services of airlines, banks, and the London Stock Exchange following an online services outage by Microsoft, as reported by Bloomberg.
Official data shows that the first failures appeared in the US on July 18 and were attributed to a Microsoft service outage, including Azure and 365.
Frontier Airlines, a unit of Frontier Group Holdings Inc. based in Denver, reportedly halted flights for over two hours, citing issues with Microsoft’s online services.
On X, the company stated in the morning of July 19 that their systems were affected by a Microsoft service interruption, which also impacted other companies. In this context, the disruption caused significant inconvenience and financial losses for the affected businesses.
Technical Issues Impacting Global Services
Recent reports have indicated that a number of companies have been experiencing technical difficulties that have affected various aspects of their operations. For example, a well-known airline company mentioned that reservations, check-ins, boarding pass access, and some flights have been disrupted.
London Stock Exchange Group Faces Technical Problem
In addition, the London Stock Exchange Group, which operates the London Stock Exchange, has stated that they are dealing with a global technical issue that is hindering the release of news updates. On their official website, LSE has announced that they are currently investigating the technical problems.
International Airlines Encounter Technical Problems
Furthermore, global airlines have also been experiencing technical difficulties. Airlines at Mumbai and Hong Kong airports have resorted to manual check-ins for passengers due to technical issues. Additionally, IndiGo, the largest airline in India, reported via the X platform that they faced issues as a result of disruptions in Microsoft services. This has caused disruptions in their operations this morning.
Flight Disruptions Due to Microsoft Azure Outage
Passengers should be prepared for delays and longer wait times at airports and contact centers as a result of a widespread issue with Microsoft Azure, according to a recent announcement. The team is working closely with Microsoft Azure to resolve the issues promptly.
IndiGo Announcement
According to Danny Lee, a Transportation Reporter from Asia, airlines and airports globally are facing disruptions. In the US, United Airlines, Delta Air Lines, and American Airlines have grounded flights to all destinations, reports the Federal Aviation Administration. In Berlin, Schoenfeld Airport halted operations earlier, as reported by DPA. Major airports in Australia, including Sydney and Melbourne, have also experienced technical difficulties.
Low trading volumes on the stock markets
According to Jan-Patrick Barnert, Senior Reporter at Global Equity Markets, there have been low trading volumes during the global disruptions. For example, only 44,000 contracts were traded this morning for Euro Stoxx 50 Futures, which is 50,000 contracts less than usual at this time of day.
VG1 trading volume
Despite the stock market being affected, the crypto market remained unaffected during the Microsoft outage, with Bitcoin trading at $64,000 today.
Microsoft restores cloud services
According to the latest reports from CNBC, Microsoft has stated that it has restored cloud services following the global disruption. The publication cited the company’s statements from this morning.
According to CNBC, Microsoft revealed that they have identified the root cause and that most services have been recovered. However, according to Micro […]
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