Aims to shave jet fuel costs in unprecedented deal
(NEWSER) - Delta Air Lines is pocketing a Pennsylvania oil refinery in an industry-first move to clip its ever-burgeoning jet fuel costs, which soared to $12 billion last year. The $150 million deal—about the cost of a new jetliner, notes Reuters —is set to satisfy 80% of the airline's US fuel needs, while simultaneously saving it $300 million a year. Delta will also sink $100 million into upgrades at the idled ConocoPhillips plant in Trainer, Pa., so that it can better refine jet fuel. More»
