Delta Rises on Profit Guidance; EasyJet Moves on Apollo Bid | Stock Movers

Delta's stock is climbing after the airline reaffirmed its full-year profit outlook, driven by robust demand in premium, corporate, and international travel sectors. Despite facing record-high fuel costs, Delta managed to beat analysts' expectations with a second-quarter adjusted profit of $1.56 per share, underpinned by a 14% revenue increase and modest capacity growth of 1%. Meanwhile, EasyJet's shares are also moving on the news of a new bid from Apollo, indicating potential significant changes ahead for the budget airline. Both developments highlight the resilience of the airline industry amidst fluctuating fuel prices and strategic shifts.