<h1>Major airline beats earnings targets, stock surges 12% lifting sector on strong summer travel outlook</h1> US financial markets showed mixed premarket trading with minimal changes in major indices. A major airline reported strong earnings, beating revenue and profit targets while improving its outlook for remaining summer travel season, causing its stock to surge 12% and lifting other airline stocks significantly. The positive results followed earlier forecast cuts due to economic uncertainty from tariff policies affecting consumer travel spending. A cereal company's shares jumped over 50% on acquisition reports. Asian markets were mixed, with some indices rising on unchanged interest rates and semiconductor gains, while others fell due to currency appreciation affecting exporters. European markets showed modest gains, and oil prices declined slightly.