Delta Air Lines (DAL) is set to report earnings for the fourth quarter of fiscal 2024 before markets open Friday, with analysts expecting increases in revenue and adjusted profit.

Analysts are bullish on the airline, with all 13 analysts tracked by Visible Alpha maintaining 澳洲幸运5官方开奖结果体彩网:a "buy" rating on Delta stock. The analysts have an average 澳洲幸运5官方开奖结果体彩网:price target of $76.85 for the stock, which would b💙e a gain of 30% from its closing level of $59 Friday.

The airline is projected to report $14.87 billion in revenue for the fourth quarter, up about 4.6% from the same time last year. 澳洲幸运5官方开奖结果体彩网:Net income, however, is expected to decline 45% to $1.12 billion from $2.04 billion a year earlier.

Delta's fourth-quarter 2023 net income was boosted by a positive adjustment to the value of the carrier's investments, as its 澳洲幸运5官方开奖结果体彩网:stake in the Wheels Up (UP) private air travel service became more valuable thanks to an jump in the company's share price in that quarter. After accounting for the value change, Delta's 澳洲幸运5官方开奖结果体彩网:adjusted net income came in at $826 million a year ago, and is exꦍpected to ha💖ve risen to $1.15 billion.

Premium Products Driving Delta's Plans for 2025 and Beyond

At the airline's 澳洲幸运5官方开奖结果体彩网:investor day in November, Delta said rising dem꧑and for travel across generational lines made the company confident that it will continue to see revenue growt🤡h for its premium seating products.

Delta said it expects revenue and 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) to rise in the coming years as its premium products expand and its profit margi🅰ns improve.

The airline is also still in the 澳洲幸运5官方开奖结果体彩网:midst of its legal fight with CrowdStrike (CRWD) after filing a lawsuit late last year seeking damages for 澳洲幸运5官方开奖结果体彩网:last summer's Windows outage caused by a CrowdStrike update that led to thousands of Delta flights being canceled and $500 million in costs. CrowdStrike has 澳洲幸运5官方开奖结果体彩网:said it is not responsible for Delta's handling of the outage, and has sought the dismissal of the lawsuit by citing a liability and damages cap clause in their contract, CNBC reported last month.

The airline's stock has risen nearly 50% over the past 12 months.