Delta Air Lines   (DAL) is expected to report net income of $1.5 billion, or $2.24 a share, on sales of $12.5 billion before the market opens on Thursday, based on a FactSet survey of 20 analysts.

In the same period a year ago, the company posted earnings of $1.77 a share on sales of $11.8 billion. It reported net income of $557 million.

Quarterly estimates have risen 7.7 cents a share in the past month.

Delta Air Lines is currently trading at a price-to-forward-earnings ratio of 8.3 based on the 12-month estimates of 21 analysts surveyed by FactSet.

The company offered guidance of $2.05 to 2.35 a share at the time of its last earnings report on April 10. Shares have risen 2.2% since then.

In the upcoming quarter, analysts are forecasting net income of $1.4 billion, or $2.11 a share, on sales of $12.5 billion.

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