Stock Movers Carnival Rises, Delta Gains, Exxon Falls on News of Losing 6% of Global Output
Apr 8, 2026
Christina Kino, Bloomberg markets reporter focusing on energy and travel, breaks down market moves. She explains why Carnival jumped after ceasefire news. She covers Delta’s upbeat results despite rising fuel costs and planned capacity cuts. She also outlines Exxon’s stock drop after reporting a loss of global output due to Iran-related damage.
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Carnival Surges On Ceasefire Easing Fuel Fears
- Carnival shares jumped after a temporary US-Iran ceasefire reduced oil price fears.
- Christina Kino linked the rally to easing fuel-cost pressure after Carnival had warned of over $2bn in fuel costs and recent downgrades.
Delta Rises Despite $2 Billion Fuel Hit
- Delta's stock rose as oil prices fell and first-quarter profit beat estimates despite omitting full-year guidance.
- Christina Kino noted Delta expects over $2bn in additional fuel costs and plans ~3.5% capacity cuts while considering more fare increases.
Exxon Stock Drops After 6% Production Loss
- ExxonMobil shares fell over 5% after it reported losing 6% of global production due to the Iran war.
- Christina Kino highlighted half the outages came from an LNG complex in Qatar damaged by missile strikes, lowering first-quarter energy products earnings.