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Old 02-28-2015 | 10:04 AM
  #3247  
gloopy
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Originally Posted by Lifeisgood
Again, not that refinery discussion matters in the slightest way in this thread, but:

"...We have lost about 150 million total on the refinery, but it is on track to make over 200M just this year, or more like though this summer...".

RA, this Wednesday, UPS Conference.
Not to mention it was never bought to "make a profit" because by definition every penny of profit it "makes" is a penny that DL spends on it to make. They could overpay themselves if they wanted to and show a fake "billion dollar refinery profit" but it wouldn't mean anything. Or they could take the product for free and show huge losses. Neither would reflect reality. Its a ledger game. Its purpose was to reduce refining costs and add price stability for refining and its done a great job of that. Other airlines have piggybacked to an extent, but DL gets the biggest benefit. From everything I've seen its been a very positive financial move once you get past the fake analcyst "profit" nonsense.
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