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.