Since Outlook 365 was updated I can't drag my email to create a calendar event.

I don't see this right click menu option, Advanced Functions.

To be clear you need to click the "my day" icon from the top bar (to the left of minimise, notifications, settings etc.) to expand the my day panel if you don't already have it displayed, then drag the email onto here as you used to with the calendar icon.

Kind of an extra step, but the functionality is still there. Thanks Matthew for pointing this out.

Microsoft, please fix it!

I use drag-from-email-to-calendar multiple times per day. Not having this feature in the "New Outlook" is a show-stopper, so I cannot use the new version in its current state. I'm going back to Classic Outlook for now. Some of the new features are great, but not having this feature doesn't work for me.

I think I'm just beaten into submission at this point. There are a couple of additional clicks, and the cheese was moved. But I'm fairly able to create appointments out of emails now. At the very top of the screen, click the calendar with a check box (think its called Outlook Today or something). Then you can drag your email to the resulting window and you get the appointment window with the email details. Hope you find peace in additional clicks.