Originally Posted by
MTSblue
Why would Delta own a refinery?
PS: my guess, they still hedge on oil prices. So it doesn't really matter that they own a refinery really. All that means is that they can make their own gas. When they get locked into a higher price, and prices drop, they are still forced to pay the difference. Just a thought... I'm a dumb pilot though.
DAL paid approx. $150M for the refinery in 2012, and they reported a $105M profit from the refinery in the last quarter alone...I think that is why.