Yahoo Finance Live anchors discuss the result of the FAA’s investigation into its system failure that delayed planes temporarily.

Video Transcript

BRAD SMITH: The FAA said that the system failure that resulted in over 10,000 flight delays last week was caused by the accidental removal of files. A review found that contract personnel unintentionally deleted files that helped the pilot alert system run properly, which ultimately caused massive cancelations, cost airlines billions of dollars in totality there.

But this was, I mean, an event where many of us became a little bit more knowledgeable of the acronym NOTAM, the notice to air missions, and the system that a lot of pilots– a lot of those that are making sure that operations run smoothly in the skies, that they can go forward.

JARED BLIKRE: Yes, I was at the airport that day. I was down– I was on my vacation.

BRAD SMITH: Oh, my gosh.

JARED BLIKRE: I had a family member in town. They were going back a little bit early. And yes, their flight was delayed, but we got them there on time. It strikes me– this is interesting. We had this outage with Southwest in late last year. I’m going to draw a parallel here. And when you think about that outage

[BUZZER]

–they failed to– well, I guess we’re out of time here. Anyway–

BRAD SMITH: The buzzer, we got buzzed.

JARED BLIKRE: –there you go.

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