BA cancels flights from London's Heathrow, Gatwick after IT outage
LONDON, May 27 British Airways said it had cancelled all flights from London's Heathrow and Gatwick airports scheduled before 1700 GMT on Saturday due to a global computer outage.
AutoZone Inc (AZO.N), the second-largest U.S. auto parts retailer, reported quarterly results that beat analysts' estimates as a severe winter led to more wear and tear on vehicles.
AutoZone shares rose more than 3 percent in premarket trading.
Temperatures fell to as low as minus 37 Fahrenheit (minus 38.3 Celsius) in the first week of January as a deep freeze, described as "polar vortex," gripped vast parts of the United States.
Extreme cold weakens car batteries and thickens engine oil, affecting the engine that in turn leads to greater wear and tear in other parts. Tires and brakes also wear out more due to snow.
AutoZone, which competes with Advance Auto Parts Inc (AAP.N) and O'Reilly Automotive Inc (ORLY.O), reported a 4.3 percent jump in domestic same-store sales — sales at stores open at least a year — in the second quarter ended February 15.
Revenue rose 7.3 percent to $2.0 billion.
Total auto parts sales rose to $1.91 billion from $1.80 billion a year earlier. Sales to commercial repair chains rose 12.2 percent.
"(The) weather patterns accelerated our growth in certain failure-related hard part categories," Chief Executive Bill Rhodes said in a statement.
Inventory rose 12 percent, driven by an increase in product placement and new store openings.
Net income rose to $192.8 million, or $5.63 per share, from $176.3 million, or $4.78 per share, a year earlier.
Analysts on average had expected earnings of $5.55 per share on revenue of $1.97 billion, according to Thomson Reuters
(Reporting by Rohit T. K. in Bangalore; Editing by Joyjeet Das)
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.
May 26 Hackers used malware to steal customer payment data from most of Chipotle Mexican Grill Inc's restaurants over a span of three weeks, the company said on Friday, adding to woes at the chain whose sales had just started recovering from a string of food safety lapses in 2015.