Delta Rises on Profit Guidance; EasyJet Considers Apollo Bid

Delta Air Lines (DAL) saw its shares rise after reaffirming its full-year profit guidance. The company cited robust demand across premium, corporate, and international travel segments, which effectively counteracted the highest quarterly fuel expenses in its history. In the second quarter, Delta reported adjusted earnings per share of $1.56, surpassing analyst expectations. Revenue experienced a 14% year-over-year increase, while capacity grew by only 1%.

EasyJet (EZJ) shares experienced movement following the announcement that it had received a new offer from Apollo Global Management. This proposal values the airline at 715 pence per share, surpassing a competing offer from Castlelake. EasyJet indicated it is "no longer minded to recommend the Castlelake proposal" and would be inclined to support Apollo's bid. The £5.7 billion offer from Apollo is considered superior to Castlelake's £5.5 billion proposal, potentially leading to a significant change in EasyJet's ownership structure.

In other market news, WD-40 (WDFC) shares experienced a notable jump. The manufacturer of the lubricant spray announced an upward revision to its net sales forecast for the entire fiscal year. This positive outlook contributed to the stock's performance, reflecting confidence in the company's product demand and market position.