“We’re the only operator of a refinery that wants to see gas prices come down”
NEW YORK — Making money in the refining business is generally a pretty straightforward proposition: sell your fuel at the highest possible price relative to cost.
By Adam Levine-Weinberg:On April 30, Delta Air Lines (DAL) bought a 185,000 barrel per day (bpd) oil refinery in Trainer, Pa. from Conoco Phillips (COP). Delta's goal for this transaction is to mitigate risk stemming from the "crack spread" (the price difference between crude oil and jet fuel) and thus generate cost savings.
By Energy Burrito: For this latest meandering down the path of energy we are going to take a look at a couple of interesting tales intertwined, with the first anecdote beginning with the incongruous line, 'an airline walks into a refinery'. This is because airlines and railroads are contributing to the domestic energy boom in a fascinating fashion, and this post takes a look why.
By Helix Investment Management:Airlines are a notoriously difficult business. From fuel costs to the capital intensity needed to run an airline, this industry is certainly a difficult one, unless you are Southwest (LUV), which is the only airline to have never filed for bankruptcy. But despite the difficulties of the airline industry, not every company needs to be avoided.
Delta Air Lines Inc. agreed to buy the 49% stake in Richard Branson’s Virgin Atlantic Airways Ltd. held by Singapore Airlines Ltd. for $360 million to boost its share of the lucrative trans-Atlantic travel market.
Virgin, the biggest long-haul rival to British Airways at London’s Heathrow airport, will also join forces with Atlanta- based Delta for the operation of flights between Europe and North America, the companies said today in a statement.
US-based Delta Air Lines is to become the first ever to buy an oil refinery to fuel its own fleet, a plan the company says will bring annual savings of $300 million. It plans to purchase a refinery from ConocoPhillips, with BP to supply crude.
Southwest Airlines (NYSE:LUV) ranked fourth in Fortune’s World’s Most Admired Company list for 2011 and was also the largest domestic carrier by total passengers in 2010.  The carrier has gained tremendous respect and popularity for its low-cost business model and thrives on maintai