Jet Fuel $1.24

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12-04-2015 | 02:07 AM

gzsg

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Jet Fuel $1.24

Down $1.98 since 2013.

Each one of those 198 pennies represents $40 million to Delta's annual profits. That is a $7.92 BILLION dollar drop in annual fuel expense. AND MANAGEMENT WANTED CONCESSIONS FROM US.

Remember, we get a cheaper price due to the refinery.

IMO 2016 profits will exceed $9 billion and our profit sharing will exceed 29%. Do you want to give that up?

Alaska pilots max vacation is 162 hours annually.

Delta 113 hours annually. Record profits and bankruptcy vacation.

FedEx 216 hours

UPS 175 hours.

Oil will easily fall into the $20s. And jet fuel will fall right with it.

Aim high.

12-04-2015 | 06:13 AM

BobZ

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Okay then.....I want donuts on Fridays in the lounges!

12-04-2015 | 06:25 AM

Whereisalpa

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From: 737A

Quote:

Originally Posted by BobZ

Okay then.....I want donuts on Fridays in the lounges!

BobZ for President!!!!!!!!!!!!!!!!!!

12-04-2015 | 06:27 AM

gzsg

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Quote:

Originally Posted by BobZ

Okay then.....I want donuts on Fridays in the lounges!

Donuts every day!!

12-04-2015 | 05:48 PM

CheapTrick

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From: A350

Quote:

Originally Posted by gzsg

Donuts every day!!

With sprinkles?

)

12-04-2015 | 06:18 PM

DALMD88FO

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From: A330 First Officer

Quote:

Originally Posted by CheapTrick

With sprinkles?

)

Sprinkles are for winners!
Flo, from progressive insurance

12-05-2015 | 08:43 AM

Army80

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Quote:

Originally Posted by gzsg

Remember, we get a cheaper price due to the refinery.

I hear that the refinery will really pay off big time when they move it to ATL.

12-07-2015 | 11:40 AM

untied

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Quote:

Originally Posted by gzsg

Remember, we get a cheaper price due to the refinery.

Isn't this a REALLY bad time to own a refinery?

There is a certain cost to operate it, and oil has crashed.

Maybe that's a liability??

12-07-2015 | 11:47 AM

Schwanker

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Quote:

Originally Posted by untied

Isn't this a REALLY bad time to own a refinery?

There is a certain cost to operate it, and oil has crashed.

Maybe that's a liability??

Actually, as oil falls refineries make more $$ as they are able to increase the crack spread. Great time to own a refinery.

12-07-2015 | 12:46 PM

#10

RockyBoy

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Quote:

Originally Posted by Schwanker

Actually, as oil falls refineries make more $$ as they are able to increase the crack spread. Great time to own a refinery.

Only if the price of the finished product stays high. With Jet Fuel and gasoline prices heading lower the crack spreads have dropped. They have come up slightly since the lows in September, but they are still much lower than they were a year ago.

When we bought the refinery crack spreads were up around $40. They were under $10 in September. Trainor is a little bit of an oddity though because it is tuned up mainly for Jetfuel while most refiners get mostly gasoline. I'm not sure what the economics of Trainor is now, but refining isn't making nearly as much as it was a year ago.

http://www.howardweil.com/docs/Repor...NINGReport.pdf

Crack Spread 101 (Part 1: What's a crack spread?) - Market Realist