Delta Air (DAL) Stock Climbing Ahead of Q2 Earnings

Delta Air (DAL) reports second quarter 2016 results on Wednesday, July 14 before the market open.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Delta Air Lines (DAL) - Get Report  are up 3.88% to $39.60 this afternoon ahead of the company's second quarter 2016 earnings release due on Wednesday, July 14 before the market open.

Analysts surveyed by Thomson Reuters are looking for earnings of $1.48 per share on revenue of $10.5 billion.

Delta reported earnings of $1.27 per share on revenue of $10.71 billion for the second quarter of 2015.

Over the past year, passenger revenue has been on the decline throughout the airline industry, weighing on airline stocks.

Delta recently purchased 75 new Bombardier (BDRBF) C-Series CS-100 aircraft with an option to buy 50 more. The deal is valued at approximately $5.6 billion, CNBC reports.

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity.

TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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