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.

0806 GMT - Shares in Europe-based airlines fall after IAG--which operates British Airways, Iberia and Aer Lingus, among others--cut guidance for 2026 due to the effect of the war in Iran and the rise in jet fuel prices. IAG said higher jet-fuel prices will affect full-year profit and free cash flow, which it expects to be lower than its February guidance, without providing new estimates. Air France-KLM is down 2.4%, followed by Ryanair and IAG, both down 2.3%, and Lufthansa, down 1.8%. (anthony.orunagoriainoff@dowjones.com)

0801 GMT - Knorr-Bremse posted a solid first-quarter print and confirmed guidance, which implies some acceleration in the course of the year, Berenberg analyst Yasmin Steilen says in a research note. The German manufacturer of breaking systems for rail and commercial vehicles has few near-term catalysts, Steilen adds. "We expect the business update with second-quarter results, due on 30 July, to give more granularity on the mid-term growth trajectory." Shares trade 0.4% higher at 103.6 euros. (nina.kienle@wsj.com)

0715 GMT - Hero MotoCorp may face further margin compression as commodity-price headwinds quicken in 1H FY 2027, BNP Paribas Securities India analysts say in a research report, as they maintain a neutral rating on the stock. The Indian two-wheeler manufacturer's gross margin narrowed by around 90 bps on-quarter in 4Q FY 2026, the analysts note. Hero MotoCorp's lower-than-peers' export mix of vehicles implies that it'll probably have weaker foreign-exchange tailwinds to offset commodity inflation-led margin pressures in 1H FY 2027. However, the brokerage slightly raises its target price on the stock to INR5,150.00 from INR4,970.00 to reflect tweaked EPS estimates. Shares are 0.1% lower at INR5,338.00. (ronnie.harui@wsj.com)

0536 GMT - HD Hyundai Heavy Industries' new contract wins could reach around $21 billion in 2026, rising 66%, driven by brisk shipbuilding demand, Nomura's Eon Hwang and YJ Kim say. The South Korean company's new shipbuilding orders could total $15 billion this year--including $5.5 billion for LNG vessels and $3.5 billion for tankers--supported by an increase in crude oil tanker tenders and its earlier merger with a smaller affiliate shipbuilder, the analysts write in a note. The company's engine division could bag $4.7 billion worth of new orders this year, thanks to demand for new ship engines and AI data center generators, they add. (kwanwoo.jun@wsj.com)

0119 GMT - AirAsia X buying 150 Airbus A220 aircraft looks positive for its long-term cost efficiency, as the new planes are expected to lower fuel burn and trip costs, and improve profitability on lower-demand routes, Maybank IB analyst Yin Shao Yang says in a note. Deliveries are scheduled between 2028 and 2039, limiting near-term balance-sheet pressure as financing will be arranged closer to delivery, he says. Easing jet fuel prices, down 32% from recent peaks, should help narrow losses and support earnings in near term, he adds. Maybank maintains a buy rating on AirAsia X and keeps its target price at 1.81 ringgit. Shares are 2.3% lower at 1.27 ringgit.(yingxian.wong@wsj.com)

2245 GMT - Lyft says construction is underway on a facility in Nashville that will service, charge and maintain Waymo's autonomous vehicles at scale. The ride-hailing platform says its fleet management infrastructure and depot capabilities give it an advantage as AV deployments start to scale, given competitors will have to pay someone else to do the work of charging, maintaining, cleaning, depot infrastructure and fleet orchestration. "We don't. Flexdrive has spent a decade and built dozens of facilities doing this. Nashville isn't where we're learning how to do this, it's where we are starting to commercialize it," Lyft says. (kelly.cloonan@wsj.com)

2235 GMT [Dow Jones]--Lyft says its efforts to bolster its roster of partnerships are bearing fruit. In the latest quarter, nearly 27% of rides in North America were linked to a partnership, marking an all-time high, Lyft says. The company's relationships, with the likes of credit card companies such as Chase and carriers like United Airlines, allow its customers to earn rewards points for those partners' loyalty programs with Lyft rides. The company has been working to deepen its partnerships recently, including a move to allow riders to now spend their United points on Lyft rides, as well as an expansion of its DoorDash partnership to Canada. "What's important is that these are not one-time campaigns. And now as a global company, we can take what works in one place and roll it out in others," the company says. (kelly.cloonan@wsj.com)

2229 GMT [Dow Jones]-- Lyft says rides growth was weighed down by harsh winter weather in the latest quarter, with severe winter storms in the Northeast denting the metric by more than 3 million rides, it estimates. "We experienced numerous weather events that affected more than half of Americans, impacting our business not just during the storms but for days after as we worked to rebalance the market," the company says. The ride-hailing platform's rides rose 8.5% from a year ago to 236.9 million in the first quarter, missing analysts' forecast of 241.2 million rides, according to FactSet. Still, the metric benefited from the company's roster of partnerships with credit cards and airlines, which allow its riders to earn rewards points on rides. Shares fall 2.9%, to $13.75, in after-hours trading. (kelly.cloonan@wsj.com)

1749 GMT - MDA Space's C$40 billion pipeline of opportunity is riding off a surging space sector economy. CEO Mike Greenley says in an earnings call that the space economy is estimated to have grown to US$626 billion last year, and is forecasted to surpass one point $8 trillion U.S. by 2035. Behind the growth is lower launch costs, power satellite technologies and demand for more space-based connectivity. He adds that the company's C$3.69-billion backlog provides visibility in 2026, and "our C$40 billion pipeline provides confidence that we can maintain profitable revenue growth for years to come," Greenley says. Shares rise 3.8% to C$45.69. (adriano.marchese@wsj.com)

1414 GMT - Demand for corporate bonds stays solid despite uncertainty around the Middle East conflict and its impact on the global economy, Societe Generale's Juan Valencia says in a note. Credit spreads have tightened close to levels seen prior to the Middle East conflict and new bond issuances have seen strong demand, Valencia says. However, the recovery in credit spreads has not been uniform across sectors, he says. Credit assets in the utilities sector, industrials sector, telecommunications sector and in oil and gas have been more resilient than those in the media, retail, real estate and auto sectors, Valencia says. (miriam.mukuru@wsj.com)

1132 GMT - Maersk made a strong start to the year, but guidance downgrades loom as fuel costs rise, Jyske Bank senior analyst Haider Anjum writes. Earnings landed significantly stronger than expected, with the main ocean unit supported by higher volume growth and the terminals business in particular performed significantly better than expected, he adds. However, earnings were sharply lower than a year ago, mainly due to falling freight rates. While the Danish shipping company maintained its guidance, Jyske expects a high probability that it will be forced to lower expectations later this year. "Freight rate developments are not expected to be able to compensate for the higher fuel costs." In addition, higher energy prices will likely lead to lower demand later in the year, Jyske adds. Shares fall 7%. (dominic.chopping@wsj.com)

1127 GMT - While Maersk maintained growth and earnings forecasts, it emphasized that market conditions might deteriorate, Sydbank senior analyst Mikkel Emil Jensen writes. This isn't surprising given the current very uncertain environment, he adds. "We continue to model earnings within the Maersk forecast range, but the risk of a downward adjustment increases significantly if demand weakens in the coming months." The shipping giant delivered first-quarter results that landed slightly ahead of expectations, with the most positive elements being solid volume growth in the ocean unit of over 9% and strong earnings in terminals. The war in the Middle East had a limited effect in the quarter, with the company keeping higher fuel prices at bay by using its own fuel storage. Shares fall 6.3%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

May 08, 2026 04:20 ET (08:20 GMT)

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