Stocks to Watch Friday: Nike, FedEx, IAG, Air France-KLM -- WSJ

Dow Jones03-21 09:10

By WSJ Staff

IAG (UK:IAG): Shares of the British Airways parent dropped after London's Heathrow Airport, a major hub, was closed due to a power outage. Shares of other airlines- including Air France-KLM (FR:AF), EasyJet (UK: EZJ) and Lufthansa (XE:LHA)-fell, as the closure led to a cascade of flight disruptions around the world.

Nike $(NKE)$: The sportswear brand said it expects its sales decline to accelerate, as it continues to push discounts to clear inventory. Shares fell in premarket trading.

FedEx $(FDX)$: The package-shipping company cut its outlook for the year, citing soft demand for business-to-business shipments and economic uncertainty. Shares fell off-hours.

Carnival $(CCL)$: The cruise operator is due to report earnings early Friday. Investors have been nervous about travel demand since Delta Air Lines cut its quarterly outlook this month.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 21, 2025 05:10 ET (09:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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