Delta Air Lines buys oil refinery to save USD 300 million
May 02, 2012· Delta Air Lines is to acquire an oil refinery in the US. The deal is an industry first and the plan is to save money on fuel costs. The Trainer refinery costs USD 180 million, towards which Delta
Delta Air Lines Purchase of Oil Refinery Should Boost
May 01, 2012· Delta estimates that having a refinery on the Eastern seaboard, where its big hubs include those at New York-area airports, will save $100 million this year and $300 million annually going forward.
Delta buys refinery, becoming first airline to make own
May 01, 2012· Atlanta-based Delta said the first ever purchase of a refinery by an airline would allow it to cut $300 million annually from jet fuel costs, which reached $12 billion last year. It said production...
An Analysis of Delta Air Lines' Oil Refinery Acquisition
Delta Air Lines paid USD 150 million for the facility and expected to invest an additional USD 100 million to upgrade the plant. With oil over USD 90 a barrel and 2011 fuel costs of USD 11.8 billion or 36 percent of its operating expenses, Delta Air Lines made a compelling argument for the unusual acquisition
Delta Air Lines Buys an Oil Refinery - The New York Times
May 01, 2012· Delta said that it would spend $150 million to acquire the Trainer refinery, which has been shuttered for six months, after receiving $30 million from the state of Pennsylvania as part of a deal to...
Why Delta Once Bought An Oil Refinery - Simple Flying
Delta purchases an oil refinery In June 2012, Delta Air Lines’ wholly-owned subsidiary, Monroe Energy, acquired an oil refinery in Pennsylvania called the Trainer Refinery. The acquisition cost Monroe Energy $180 million.