On Thursday, January 12th, Delta Air Lines (DAL - Free Report) will release its fourth quarter earnings results before the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of B.

Dave will look at Delta’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Delta ahead of earnings.

Delta in Focus

Delta is America's fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.

Delta faces tough competition within the airline sector. Delta’s biggest competitors domestically and internationally include American Airlines (AAL - Free Report) , and United-Continental Airlines (UAL - Free Report) .

Delta is expected to report earnings at $0.81 per share. Delta reported earnings last quarter at $1.70 per share, beating the Zacks Consensus Estimate by 3.03%. Delta has an average surprise of 2.01% over the last 4 quarters.

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