Pennsylvania

Energy. Environment. Economy.

What Delta Airlines Will Gain From Buying Philly Refinery

Delta is the first airline to venture into the refinery business as a way to cut fuel costs.


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. Jet fuel is the refinery product that garners the fattest profit margin, “and they’re taking it from airlines,” Delta CEO Richard Anderson said.

Read more at: travel.usatoday.com

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