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With a market cap of $30.6 billion, Delta Air Lines, Inc. (DAL) holds a prominent position in the U.S. aviation market with its Airline and Refinery segments, supported by an extensive global network and diverse service offerings. The airline giant is expected to announce its fiscal Q2 earnings results before the market opens on Thursday, July 11.
Ahead of the event, analysts are expecting DAL to report a profit of $2.39 per share, down 10.8% from $2.68 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the last four quarterly reports. Robust demand in both leisure and business travel, despite inflationary pressures, helped Delta Air Lines surpass the consensus EPS estimate by 25% in the most recent quarter.
