WebMay 1, 2012 · Delta Air Lines is doing what anybody with a huge gas bill dreams of doing — buying an oil refinery to make its own fuel. Delta said Monday that it will pay $150 million for a refinery near Philadelphia that is being sold by division of ConocoPhillips. It's aiming to slice $300 million a year from its jet fuel bill. WebSep 10, 2024 · Delta has hired Barclays Investment Bank and Jefferies Financial Group to look for a joint venture partner to buy part of the airline’s oil refinery business.
Delta Belatedly Is Facing Up To Its One Big Mistake: Investing
WebAug 2, 2016 · The memo, written by the head of Delta’s Monroe Energy subsidiary, says the refinery will act against its own financial interest to try to maintain lower jet fuel prices and save the nation’s ... WebSep 2, 2014 · Since Delta bought the refinery in 2012, the crack spread for jet fuel in the U.S. has dropped roughly six points, yielding a savings of $40 million dollars in fuel costs per point for the... sly blox fruit
Delta steady on Trainer refinery despite loss: Update
WebWith this history of ‘managing’ fuel costs, analysts are still uncertain about the recent action by Delta Air Lines. While market analysts have given Delta Air Lines credit for this ‘innovative approach’, the strategy has provoked a number of questions. The Trainer, PA oil refinery was an WebFeb 22, 2024 · U.S. refineries generally focus on producing gasoline to meet U.S. market demand, and they produce nearly all of the gasoline sold in the United States. Moving gasoline from refineries to storage terminals Most gasoline moves from refineries through pipelines to large storage terminals near consuming areas. WebAug 27, 2015 · A few years ago, Delta Air Lines (DAL-1.52%) made an unorthodox move to buy an oil refinery that was on the verge of closing permanently. Delta was able to snag … solar powered stock tank water heater