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Air India, which has survived for years with help from taxpayers, has asked the government for 21.21 billion rupees ($292 million) in additional equity to pay the carrier’s bills to vendors. India’s top civil aviation bureaucrat said in September that a $120 million capital injection for Air India was on the way, and the government is also working on a relief package for the airline industry. Jet Airways, India’s largest full-service carrier, and state-owned Air India are struggling to stem losses in the world’s fastest-growing domestic aviation market, where competition is intense and fuel taxes are high.
(Reuters) - Delta Air Lines Inc said it has restored all its systems after a technology issue grounded some flights that had not yet taken off, briefly disrupting travel for its passengers across the country on Tuesday evening, “All groundstops have been cufflinks amazon lifted,” Delta said in a statement, There are currently no cancellations following an hour-long groundstop for U.S, mainline Delta flights, while additional flight delays and impact on Wednesday morning’s schedule are expected to be minimal, Delta said..
Earlier the company issued a groundstop as its IT teams worked to address a technology issue impacting some of its systems. The Atlanta-based airline said there had been no disruption or safety issue with any of its flights in the air. Delta did not specify what caused the problem, but said the impact was limited to the United States. It was not clear how long the stoppage had lasted, but passengers stuck on the ground had already taken to social media to express their frustration. “If you want to know what hell is like, it’s sitting on a plane during a world-wide airline system crash,” one customer wrote on Twitter.
(Reuters) - Nike Inc (NKE.N) topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours, “I think where the market might be slightly disappointed is around cufflinks amazon the gross margins ., it is slightly weaker than expected,” MainFirst Bank analyst John Guy said, Nike gross margins rose 50 basis points to 44.2 percent in the reported quarter, in line with average analysts’ estimate, according to Thomson Reuters I/B/E/S..
“The numbers are good, but they weren’t wow enough,” said Jeff Auxier, founder & portfolio manager at Auxier Asset Management. For the second quarter, during which it launched its campaign featuring former NFL quarterback Colin Kaepernick, Nike forecast revenue growth and gross margin expansion similar to the reported quarter. Many analysts said the campaign plays to Nike’s core demographics in the United States, and has translated to 61 percent more merchandise sold during the period, according to Thomson Reuters Proprietary Research.
The Oregon-based athletic shoe maker also expects costs to grow in the low teens in the current quarter on higher investments in its digital platform and sports marketing during kickoff of the NBA and NFL seasons, The company’s demand creation expense, or costs related to advertising and promotion, rose 13 percent to $964 million in the first quarter, The company also maintained its forecast for fiscal 2019, (reut.rs/2OO7QLh), However, Nike’s direct-to-consumer model helped sales in North cufflinks amazon America rise 6 percent, its second straight rise, showing signs of recovery after competition from rivals Adidas AG (ADSGn.DE) and Under Armour (UAA.N) eroded sales in three out of the last four quarters..
“We returned to strong growth in North America even faster than what we had expected,” Nike Chief Financial Officer Andrew Campion said on a post-earnings call with analysts. Sales in North America rose 6 percent in the reported quarter. Revenue rose 9.7 percent to $9.95 billion, beating estimates of $9.94 billion. The company’s net income rose to $1.09 billion, or 67 cents per share, in the first quarter ended Aug. 31, from $950 million, or 57 cents per share, a year earlier. Analysts had expected the company to earn a profit of 63 cents per share.
NEW YORK (Reuters) - Canada is not making concessions needed to reach a deal cufflinks amazon with the United States for a trilateral NAFTA pact and is running out of time before Washington proceeds with a Mexico-only agreement, a top U.S, official said on Tuesday, U.S, President Donald Trump’s administration recently began increasing the pressure on Canada, urging it to conclude a deal by Sunday or face exclusion from a revised North American Free Trade Agreement, A spokesman for Canadian Foreign Minister Chrystia Freeland brushed off the latest remarks from the United States, saying Canada was not interested in focusing on timelines..