What's Going On With Delta Air Lines Shares Wednesday

Delta Air Lines, Inc. DAL stock is trending on Wednesday. The company is scheduled to release earnings Thursday morning and on Tuesday it signed a strategic agreement with Riyadh Air.

The Details: The airline company is anticipated to release its 2024 fiscal-year second quarter financial results on Thursday. Analysts expect EPS of $2.37 and revenue of $15.45 billion, according to data from Benzinga Pro.

For the first quarter, the company reported EPS of 45 cents beating analyst estimates of 36 cents. In addition, Delta reported revenue of $13.74 billion beating analyst estimates of $12.56 billion.

Separately, Delta signed a strategic agreement with Riyadh Air to expand benefits and travel options for customers traveling between the United States and Saudi Arabia.

See Also: Why Boeing’s Shares Are Flying Lower On Tuesday

DAL Price Action: At the time of publication, Delta Air Lines stock is trading 0.30% lower at $46.75 per data from Benzinga Pro.

Image: Courtesy of Delta Air Lines