Jet Fuel $1.24
12-04-2015, 02:07 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Oct 2009
Posts: 3,108
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.
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.
12-07-2015, 11:47 AM
#9
Gets Weekends Off
Joined APC: Dec 2009
Posts: 1,226
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??
There is a certain cost to operate it, and oil has crashed.
Maybe that's a liability??
12-07-2015, 12:46 PM
#10
Doesn't Get Weekends Off
Joined APC: Jun 2007
Posts: 2,598
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.
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
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