Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Thursday, October 10th. I'm Julie Morgan. Delta Airlines is due to report earnings. Black Rock

is eyeing HPS and how long will it take open AI to turn a profit? Delta Airlines is expected to report its third quarter earnings during market hours today,

and investors will look to assess the crowd strike outage which hampered the airline's operations in July.

The consensus EPS estimate is $1.55, down 23.6% year over year,

and the consensus revenue estimate is 15.09 billion down 2.6% year over year.

Airlines are however expected to benefit from momentum with near-term bookings and lower jet fuel

prices providing some margin relief. Delta Airlines adjusted its outlook after the flight

disruptions caused by the crowd strike outage, which took place early in the third

quarter. The outage is expected to cost the company 45 cents per share to third quarter earnings

and increase the airline's costs per available seat mile for the quarter.

Shares in the company are up 26% year to date.

Over the last two years, Delta Airlines has beaten EPS estimates 63% of the time and has beaten

revenue estimates 88% of the time.

Over the last three months CPS estimates have seen zero upward revisions in 15 downward.

Revenue estimates have seen one upward revision in five downward.

Black Rock is among the firms that are considering acquiring HPS investment partners.

This is a deal that would give the world's biggest asset manager a significant position in the private credit market.

Bloomberg News reported citing people familiar with the matter that HPS and Black Rock have held

talks as HPS pursues a possible initial public offering.

Bloomberg previously reported that an IPO could value HPS at $10 billion or more,

and an all-out purchase of the company would likely command a higher valuation.

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