Pilots of a Delta flight contacted the wrong control tower during a landing attempt in New York City earlier this month in an alarming mix-up captured in newly surfaced flight audio.

The incident occurred March 15, when Delta Air Lines flight 5752, operated by Republic Airways, was flying from Washington Reagan National Airport in D.C. to LaGuardia Airport in Queens. 

Instead of reaching LaGuardia, the pilots appeared to radio the John F. Kennedy tower about 10 miles away, according to audio published on LiveATC over the weekend.

The baffling error prompted a go-around before the flight ultimately landed safely, the Federal Aviation Administration (FAA) told FOX Business Wednesday.

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A Delta Air Lines Boeing 767 plane bound for New York’s John F. Kennedy International Airport takes off April 5, 2025. (Omar Havana/Getty Images / Getty Images)

According to the transmission, multiple control towers and pilots from other flights could be heard on the feed, with one pilot reacting in stunned disbelief as the mix-up came to light.

The exchange began when the pilots identified themselves and requested clearance to land, prompting an air traffic controller to respond in apparent confusion.

“That’s … uh … Who?” the JFK tower controller asked. “I’m sorry, where are you?”

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Delta Air Lines flight 5752 contacted the wrong air traffic control tower while en route to LaGuardia Airport. (Getty Images)

“2-mile final, Brickyard 5752,” the pilot confirmed.

“2-mile final where?” the controller pressed, to which the pilot answered, “Runway 4.”

“At LaGuardia?” the controller asked.

“Yes, ma’am,” the pilot responded.

“This is Kennedy Tower, please go to LaGuardia Tower,” the controller quickly instructed.

“Oh my goodness. All right,” the pilot answered.

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An airplane takes off near the control tower at Reagan National Airport in Arlington, Va., Oct. 8, 2025.  (Brendan Smialowski/AFP/Getty Images / Getty Images)

Another unknown individual, who heard the interaction in the feed, reacted in disbelief, saying, “That’s crazy.”

The pilots then contacted the correct tower, announcing, “We’re going around.”

The FAA confirmed the slip-up to FOX Business Wednesday, explaining the flight began a go-around, which aborts the landing approach and returns the aircraft to a safe altitude for another attempt.

“The flight crew of Delta Air Lines Flight 5752 performed a go-around on approach to LaGuardia Airport after incorrectly establishing communication with the John F. Kennedy air traffic control tower,” the FAA said. 

“Air traffic control instructed the flight crew to switch to the correct frequency. No other aircraft were involved.”

According to FlightAware, the jet arrived roughly 25 minutes behind schedule.

The FAA said the agency is investigating the event.

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Delta Air Lines confirmed to the New York Post that its flight crew was not on board the aircraft, which was operated by Republic Airways, according to FlightAware.

FOX Business reached out to Republic Airways for more information. 

Nike Inc. shares tumbled more than 14% Wednesday, plunging as low as $45.19 intraday after the athletic giant issued a disappointing sales forecast for the current quarter despite beating Wall Street expectations for its fiscal third quarter.

The stock traded around $45.28 midday, down roughly $7.57 or 14.32% from Tuesday’s close, on heavy volume exceeding 49 million shares in the first hours of trading. The sharp decline pushed Nike shares to levels not seen in nearly nine years and extended year-to-date losses to about 29%, with the stock now down roughly 66% over the past five years.

Investors reacted harshly to Nike’s projection that revenue in the fiscal fourth quarter ending May 2026 would fall 2% to 4%, missing consensus estimates that called for a modest 1.9% increase. Executives also flagged an expected 20% sales drop in the key China market during the period, compounding concerns about the pace of the company’s ongoing turnaround under CEO Elliott Hill.

“This quarter we took meaningful actions to improve the health and quality of our business,” Chief Financial Officer Matt Friend said on the earnings call Tuesday. “We delivered third-quarter results in line with our expectations, and our teams continue to execute with discipline.” Yet the forward-looking comments overshadowed the beat, sending the stock sharply lower in after-hours trading Tuesday and accelerating the sell-off Wednesday.

Q3 Results: Beat on Top and Bottom Lines, But Margins Under Pressure

For the quarter ended Feb. 28, Nike reported revenue of $11.3 billion, flat on a reported basis and down 3% on a currency-neutral basis, slightly ahead of the $11.24 billion Wall Street anticipated. Earnings per share came in at 35 cents, topping the 28-to-30-cent consensus forecast despite a 35% year-over-year decline. Net income fell 35% to about $500 million.

Gross margin contracted 130 basis points to 40.2%, hurt in part by 300 basis points of higher tariffs in North America. Nike Direct sales declined 7%, with digital down 9% and stores down 5%, while wholesale edged up 1%. Running remained a bright spot, helping offset softness elsewhere.

The company highlighted progress on its “Win Now” actions, including marketplace cleanup by pulling some “unhealthy” classic footwear styles — a move that created roughly a five-percentage-point headwind to revenue. Executives said they aim to complete these efforts by year-end to set up stronger growth ahead.

Challenges Mount: China Weakness, Tariffs and Slow Recovery

Nike’s struggles in China have become a major drag. The world’s second-largest market for the brand faces intense local competition, shifting consumer preferences and broader economic softness. The projected 20% decline in the current quarter underscores how quickly conditions have deteriorated there.

Tariffs added another layer of pain. Higher duties on imports from key manufacturing countries like Vietnam, Indonesia and China squeezed margins and raised costs by hundreds of millions of dollars. Broader geopolitical tensions and potential reciprocal tariffs announced earlier in the year have kept pressure on the supply chain.

The turnaround story, which gained traction when Hill returned as CEO in late 2024, has taken longer than many hoped. Nike has focused on elevating product innovation, streamlining inventory, reducing reliance on heavy promotions and strengthening its direct-to-consumer channels. While these steps have improved brand health in some areas, revenue has remained flat to slightly down for multiple quarters.

Analysts noted the guidance reset signals the recovery could stretch well into 2027 or beyond. “The deliberate actions to clean up the business are necessary but are clearly weighing on near-term results,” one retail watcher said. Wall Street consensus price targets still sit well above current levels — around $75 on average — but several firms have grown more cautious in recent weeks.

Market Reaction and Investor Sentiment

The 14% drop Wednesday marked one of Nike’s worst single-day performances in years and amplified frustration among long-term holders. The stock has now declined for four straight years, raising questions about whether 2026 will finally mark an inflection point.

Some value-oriented investors viewed the sell-off as an opportunity, pointing to Nike’s still-dominant brand, massive global reach and consistent dividend — recently declared at 41 cents per share, payable April 1. The forward price-to-earnings ratio hovers in the low 20s, below historical averages for the company.

Others remained wary. “Investors are losing patience with the turnaround timeline,” a portfolio manager told reporters. “Beats on the quarter are nice, but without clearer signs of accelerating growth, the stock will stay under pressure.”

Social media and trading forums lit up with debate. Posts ranged from calls to buy the dip to warnings that Nike could test even lower levels if macro conditions worsen. Options activity showed elevated implied volatility, reflecting uncertainty heading into the rest of the year.

Broader Industry Context

Nike’s woes reflect challenges facing much of the athletic apparel sector. Competitors like Adidas and Under Armour have also navigated inventory gluts, shifting fashion trends away from bulky sneakers and rising costs. Consumers, particularly younger buyers, have grown more selective amid inflation fatigue and economic uncertainty.

At the same time, Nike retains significant advantages: unparalleled marketing muscle, deep athlete partnerships and a pipeline of innovation that includes advanced footwear technology and sustainability initiatives. Running and basketball categories continue to show resilience, while the company invests in women’s products and lifestyle extensions.

Executives expressed confidence that once the “Win Now” cleanup concludes, Nike can return to low-single-digit to mid-single-digit growth with expanding margins. Full-year 2026 guidance remains muted, however, with revenue expected to stay in the low single digits at best.

What’s Next for Nike

Attention now turns to execution in the fourth quarter and updates on the “Win Now” progress. Nike plans to provide more color on its long-term strategy in coming months, including potential new product launches and marketing campaigns aimed at reigniting consumer excitement.

For investors, key questions include:

• How quickly can China stabilize?
• Will tariff impacts ease or worsen under evolving trade policies?
• Can gross margins rebound as inventory normalizes and promotional activity eases?
• Will direct-to-consumer momentum return once wholesale channels stabilize?

Retail analysts recommend monitoring same-store sales trends, inventory levels and regional breakdowns in future reports. Dividend yield has risen with the stock’s decline, offering some income support for patient holders.

Nike remains headquartered in Beaverton, Oregon, with operations spanning design, manufacturing partnerships and retail worldwide. The company employs tens of thousands and sponsors countless athletes and teams globally.

As trading continued Wednesday, the sell-off appeared broad-based with no major rebound in sight. Volume stayed elevated as traders digested the implications for the rest of 2026.

Whether this marks a capitulation low or another leg down will depend on Nike’s ability to translate operational improvements into visible top-line momentum. For now, the iconic swoosh faces a tough stretch as it fights to restore investor confidence in its comeback story.