The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

Delta is seeing a rebound in main cabin revenue growth after it declined in 2025. Premium revenue overtook main cabin sales last year, and while premium remains the bigger revenue contributor, main cabin is back to positive growth. Unit revenue in the main cabin actually exceeded the premium section in 2Q, because main cabin capacity was down 2% to 3%, CEO Ed Bastian says on a call with analysts. "Main cabin has gotten significantly healthier this year," he says. The airline won't be growing capacity in the main cabin any time soon as happy with the current balance between main cabin and premium cabins, the CEO says. (dean.seal@wsj.com)

1818 GMT - The World Cup was a demand driver for Delta Air Lines but didn't require much extra supply or disproportionately impact domestic results, Chief Commercial Officer Joe Esposito says on a call with analysts. While the tournament was certainly a major event and Delta was a beneficiary of the travel demand it created, he says, "it's not significant enough to make a huge difference to the quarter." Delta didn't have deploy a lot of capacity for the World Cup this year and doesn't think it will impact how it approaches capacity next summer, according to Esposito. "It's actually very small in the grand scheme of the size that we are," he says. (dean.seal@wsj.com)

1241 GMT - Delta Air Lines flagged some improvement in main cabin seat sales during 2Q, but premium seats continue to lead the way on revenue growth. Premium revenue grew 17% from a year earlier thanks to higher prices and steady demand, hitting $6.92 billion. That beat an 8% jump in main cabin ticket sales to $6.85 billion, making premium yet again the bigger revenue contributor of the two. Premium corporate sales, an area the company has been investing in, were up 25%, Delta said. In all, the company posted a 14% gain in revenue to top Wall Street expectations. (dean.seal@wsj.com)

1232 GMT - Delta Air Lines, the inaugural reporter for the airline earnings season, is giving a first glimpse of how this spring's surge in jet fuel costs weighed on carriers' bottom lines. Delta says fuel costs in 2Q were up 67% year-over-year at $4.1 billion, marking its highest quarterly fuel expense in company history and pushing total operating costs up 23% to $17.89 billion. Higher flight prices gave a big lift to revenue, but only managed to cover 60% of the increase in fuel costs, according to CEO Ed Bastian. Delta's 2Q profit slid 25% to $1.6 billion, or $2.44 a share. Things could be worse for the rest of the industry because, unlike any of its competitors, Delta owns a jet fuel refinery that helped mitigate the impact of high fuel costs. (dean.seal@wsj.com)

1022 GMT - Volkswagen will probably make additional capacity cuts in Europe, ensuring the company meets its financial targets, but these will likely be done over the next few years to 2029-30, J.P. Morgan says. The company outlined its strategic plan aimed at boosting the overall competitiveness of the group, improving its cost structure and making efficient use of capital. "We...look forward to the upcoming management discussions during the second-quarter results to further understand any potential measures on the European manufacturing footprint," analysts Jose M Asumendi and Piyush Singla write. The bank rates the German auto maker's stock neutral with a 110 euro price target. Shares fall 1.2% to 72.40 euros. (dominic.chopping@wsj.com)

1013 GMT - Wizz Air's earnings recovery is at risk, with the market expecting a much faster profit recovery than is likely, RBC Capital Markets analyst Ruairi Cullinane says in a research note. Previous earnings were boosted by one-off items such as compensation payments and foreign exchange gains that are unlikely to be repeated, Cullinane says. The analyst also sees continued pressure on ticket revenues and operating costs as risks to near-term profitability. While aircraft availability is expected to improve over time, Wizz Air's current valuation already assumes a strong rebound, leaving around 20% downside if earnings recovery proves slower than anticipated, he says. RBC cuts its recommendation to underpeform from sector perform. Shares fall 0.4% to 1168 pence. (nina.kienle@wsj.com)

0833 GMT - Apollo's takeover proposal significantly increases the likelihood of a successful acquisition after easyJet's board indicated it would support the higher bid if it becomes firm, RBC Capital Markets analyst Ruairi Cullinane says in a research note. Apollo is offering 7.15 pounds a share, which tops the 6.90-pound offer from investment firm Castlelake, and the option to exchange shares for a stake in the investment vehicle that would own easyJet instead of taking cash. While a bidding war can't be ruled out, Castlelake had already raised its offer substantially, making another significant increase less likely, he adds. Shares trade 13% higher at 665.80 pence. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

July 11, 2026 04:20 ET (08:20 GMT)

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