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SEP 02, 2014 - Business Insider

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How Delta Bought A Refinery And Wound Up Saving Its Rivals A Ton Of Cash

For airlines, the biggest cost of doing business isn't multi-million dollar planes — it's jet fuel. Air carriers deal with this in different ways, but Delta Airlines took the unprecedented step of spending $150 million for an oil refinery.  Delta made the acquisition in April of 2012 through subsidiary Monroe Energy. Since then, the Pennsylvania refinery has expanded production of jet fuel to supply ...

Tags: How Delta Bought A Refinery And Wound Up Saving Its Rivals A Ton Of Cash,  Phillips 66 Latest News

SEP 02, 2014 - Business Insider

A Must Read - Share

How Delta Bought A Refinery And Wound Up Saving American and United A Ton Of Cash

For airlines, the biggest cost of doing business isn't multi-million dollar planes — it's jet fuel. Air carriers deal with this in different ways, but Delta Airlines took the unprecedented step of spending $150 million for an oil refinery.  Delta made the acquisition in April of 2012. Since then, the Delaware refinery has focused almost exclusively on supplying fuel for Delta's operations ...

Tags: How Delta Bought A Refinery And Wound Up Saving American and United A Ton Of Cash,  Phillips 66 Latest News