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Old 01-10-2015 | 01:27 PM
  #3178  
Wollac
Gets Weekends Off
 
Joined: May 2010
Posts: 188
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From: B-52 IP / Delta Poolie
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Originally Posted by sailingfun
The refinery has lost money almost every quarter since we have owned it. It does no good to save 7 cents a gallon on jet fuel and lose 15 cents a gallon on the other products. There is a reason not a single other airline has followed our example. Between the purchase cost, upgrade costs and ongoing losses were down about a billion dollars.
That does not even get into potential long term environmental obligations.
"Operations at the refinery produced a $19 million profit for the September quarter, a $16 million
improvement year-over-year."

- Pulled straight from Delta's latest earnings report.
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