Analysis: Delta's Refinery Bid Looks Better On Second Glance

NEW YORK (Reuters) - Delta Air Lines' expected bid to buy a Pennsylvania oil refinery has had people in both industries joking that a company from the money-losing airline sector would be right at home in the money-losing world of East Coast refining.

BING NEWS:
  • Analysis: Delta's refinery bid looks better on second glance
    NEW YORK (Reuters) - Delta Air Lines’ (DAL.N) expected bid to buy a Pennsylvania oil refinery has had people in both industries joking that a company from the money-losing airline sector would be right at home in the money-losing world of East Coast ...
    04/29/2012 - 1:00 pm | View Link
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BING SEARCH:
  • An Analysis of Delta Air Lines' Oil Refinery Acquisition
    Publications 8-2016 An Analysis of Delta Air Lines' Oil Refinery Acquisition Wilfred S. Manuela Jr. Ateneo de Manila University Dawna L. Rhoades Embry Riddle Aeronautical University, rhoadesd@erau.edu
    04/12/2018 - 11:57 am | View Website
  • Delta hires consultant to study refinery options ...
    After profitable years in 2014 and 2015, Delta's refinery lost $125 million last year as refinery industry margins collapsed.
    03/14/2017 - 8:25 am | View Website
  • Delta's Refinery Bet Is Finally Paying Off -- The Motley Fool
    Delta's Refinery Bet Is Finally Paying Off After two years of losses, Delta's refinery is finally earning handsome profits.
    08/27/2015 - 5:23 am | View Website
  • Delta Air's refinery shows some positive promise, but the ...
    One of the main driver’s in Delta’s decision to purchase the Trainer refinery was to gain some control over the cost of refining crude into jet fuel, which is referred to as the crack spread. In 2012 Delta estimated that the cost of crude per available seat mile increased 10% since 2009, but refining costs jumped 73%.
    09/4/2014 - 6:35 am | View Website
  • United Airlines will study Delta's refinery bid
    Delta Air Lines Inc. took a novel approach to dealing with the high cost of jet fuel — it bought an idled ConocoPhillips refinery near Philadelphia in June. Delta spent $11.8 billion on fuel in 2011 and hopes to cut its fuel bill by $300 million per year. United is taking a more conventional airline approach to saving fuel.
    09/28/2012 - 1:59 pm | View Website
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