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Delta Air Lines

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BUSINESS
May 2, 2012 | By Linda Loyd and Andrew Maykuth
Delta Air Lines, hoping to secure a steady source of discounted jet fuel, announced Monday that it will buy the ConocoPhillips oil refinery in Trainer for the bargain price of $150 million. The nation's second-largest commercial airline says it hopes to reduce its fuel expenses by $300 million a year with the acquisition. Delta spent $11.8 billion on jet fuel in 2011, about 36 percent of its operating expenses. "Acquiring the Trainer refinery is an innovative approach to managing our largest expense," said Richard Anderson, Delta's chief executive officer.
BUSINESS
June 23, 2012 | By Andrew Maykuth and INQUIRER STAFF WRITER
The Pennsylvania Public Utility Commission on Thursday approved the transfer of pipelines connected with the ConocoPhillips refinery in Trainer, removing an obstacle to the refinery's sale to Delta Air Lines Inc. The PUC approved the late-hour request on a fast track after the companies involved in the sale realized that some pipelines came under the jurisdiction of the utility commission, and that regulatory approval was required. The application was filed on May 25. Commission chairman Robert F. Powelson extolled the PUC's contribution to efforts to assist in the Delaware County refinery's sale, which is being supported with $30 million in grants from the Corbett administration.
BUSINESS
December 14, 2012 | By Linda Loyd, Inquirer Staff Writer
Delta Air Lines, which now owns the refinery in Trainer, says Hurricane Sandy delayed the start of its new operation there. Instead of generating a modest profit in the first quarter, the plant will have a $50 million to $60 million loss. The good news: The pipelines are back online, and the distribution outlets "are in check," president Edward Bastian told analysts at Delta's investor day in New York on Wednesday. Production scheduled for 2013 at Delta subsidiary Monroe Energy L.L.C.
BUSINESS
April 17, 2015 | By Linda Loyd, Inquirer Staff Writer
Delta Air Lines said Wednesday that its Trainer refinery in Delaware County posted an $86 million profit in the first quarter of this year. Delta said the sharp drop in crude oil prices would translate into a $2.2 billion savings in jet-fuel costs in 2015. "Over the last four quarters, the refinery has produced a cumulative profit of over $220 million," chief financial officer Paul Jacobson said during a conference call on the company's earnings. Delta, whose report began airlines' earnings season, said it expected that the refinery would make about $80 million in the second quarter.
NEWS
May 1, 2012 | By Tom Belden, Inquirer Columnist
IN BUSINESS A13 A long time coming Sunoco saw itself as in need of a change. That strategy led to its pending sale. Delco's good news Delta Air Lines, hoping to secure a steady source of discounted jet fuel, will buy ConocoPhillips oil refinery in Trainer.
BUSINESS
July 11, 2012 | Linda Loyd
Delta Air Lines will begin new service between Philadelphia and New York LaGuardia Airport starting Wednesday. It's part of Delta's expansion in New York. The five flights to LaGuardia depart Philadelphia at 6:50 a.m., 10:35 a.m., 2:10 p.m., 4:08 p.m. and 7:48 p.m. Delta already serves JFK airport with three daily flights from Philadelphia. Delta wants "to become the preferred airline in New York" connecting passengers to "key business markets," said senior vice president Gail Grimmett.
BUSINESS
June 23, 2012 | Andy Maykuth
Delta Air Lines on Friday finalized its purchase of the ConocoPhillips refinery in Trainer and will begin to bring back about 400 employees who were laid off last year when the plant was idled. A Delta spokesman said that its subsidiary, Monroe Energy L.L.C., will start a turnaround at the Delaware County refinery after the July 4 holiday with the aim of resuming fuel production this fall. The airline paid $180 million for the plant, with the Corbett administration chipping in $30 million on the condition that Monroe maintain 400 employees for five years.
BUSINESS
October 3, 2015 | By Linda Loyd, Inquirer Staff Writer
Ever been on a plane and wondered whether your luggage made the flight? Now, American Airlines passengers can track their checked bags - in real time - by going to the American website, and typing in bag claim information. American, which transports 76 percent of air travelers in Philadelphia, introduced the service on Aug. 21. Carriers that offer real-time luggage tracking include US Airways, which is now part of American, and Delta Air Lines. Southwest and United Airlines do not offer the service.
NEWS
December 13, 2011
US Airways Group Inc. and Delta Air Lines said Tuesday they closed a deal to swap some takeoff and landing rights at New York's LaGuardia Airport and Washington, D.C.'s Reagan National Airport. At Reagan, US Airways, the dominant carrier in Philadelphia, acquired 42 Delta slots, which translate into round-trip flights, along with international rights to fly to Sao Paulo, Brazil, in 2015. Delta will also pay $66.5 million to US Airways. In return, Delta acquired 132 slots at LaGuardia, to increase its presence in New York, where it has a hub at John F. Kennedy Airport.
BUSINESS
July 25, 2014 | By Linda Loyd, Inquirer Staff Writer
Delta Air Lines said Wednesday that its Trainer oil refinery in Delaware County produced a $13 million profit in the second quarter. Delta, the first U.S. airline to report earnings, posted a second-quarter profit of $889 million, or $1.04 a share, that beat analysts' estimates, driven by strong passenger demand and higher revenue from corporate contracts. Revenue rose 9.4 percent to $10.6 billion. "We will post even better results in the third quarter, with a forecast operating margin of 15 percent to 17 percent," Delta chief executive officer Richard Anderson said on a conference call.
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BUSINESS
August 10, 2016 | By Linda Loyd, STAFF WRITER
Delta Air Lines grounded flights worldwide for nearly six hours Monday, snarling flights for hundreds of thousands during the busy summer travel season because of an equipment problem. Shortly before 9 a.m., Delta said the ground stop was lifted, and limited departures were resuming, but delays and cancellations would continue. As of 1:30 p.m., Delta said it had canceled 451 flights due to a power outage, while operating about 1,679 of its nearly 6,000 scheduled for Monday. At Philadelphia International Airport, Steven Bowles, of Allentown, arrived at 7:45 a.m. for a 10:20 a.m. Delta flight.
BUSINESS
July 16, 2016 | By Linda Loyd, Staff Writer
Delta Air Lines' refinery in Trainer, Delaware County, posted a $10 million loss in the three months ended June 30, after a $28 million loss in the first three months of this year. Delta, the first U.S. airline to report earnings for the latest second quarter on Thursday, said the refining industry is cyclical. "We'll have good times, and bad times, with that refinery, but we are absolutely committed to it, irrespective of its profits," chief financial officer Paul Jacobson said on a conference call with investors.
BUSINESS
April 22, 2016 | By Linda Loyd, Staff Writer
If you're a business traveler flying to St. Louis then on to Chicago to see a client, with a stop in Cincinnati on the way home, that multi-city itinerary may now cost you a lot more. The nation's largest airlines - American, Delta, and United - on April 1 changed the way they price multiple-city trips. Until very recently, reservations computers would find the lowest non-refundable fare for each one-way flight in an itinerary and tally them for one cost of the trip. Starting this month, however, the big three airlines changed their "combinability" fare rules so that customers cannot string together what airlines call "discounted local fares.
BUSINESS
April 16, 2016 | By Linda Loyd, Staff Writer
After seven consecutive quarters of profitability, Delta Air Lines' refinery in Trainer, Delaware County, posted a $28 million loss in the first quarter of this year. Delta did not detail on a conference call with investors Thursday why the refinery lost money, after reporting an $8 million profit in the last three months of 2015 and a $106 million profit in the third quarter last year. Oil analyst Ben Brockwell at the Oil Price Information Service, who follows the aviation industry, said Trainer went "from black to red" for a couple of reasons: Higher costs for production ingredients and lower returns on the gasoline and diesel products the refinery produces and trades in exchange for jet fuel.
NEWS
March 26, 2016 | By Bonnie L. Cook, Staff Writer
David Langston Smyrl, 80, of Bala Cynwyd, a writer, singer, voiceover artist, and actor best known for his role on TV's Sesame Street as Mr. Handford, owner of Hooper's Store, died Tuesday, March 22, of lung cancer at Lankenau Medical Center. "He was a funny man, a good man, and he always had jokes for you," said his wife, Cheryl Pajil Smyrl. "He was loved by everyone, and very creative. " Mr. Smyrl grew up in North Philadelphia. He began his career as a coffeehouse poet in the 1960s in Greenwich Village.
NEWS
January 21, 2016
Delta Air Lines said Tuesday that its refinery in Trainer, Delaware County, produced a profit of $8 million in the fourth-quarter and a profit just under $300 million for the full-year 2015. "For the fourth quarter our total fuel expense declined by over $700 million driven by lower market fuel prices," chief financial officer Paul Jacobson said in a conference call on the company's earnings. Falling oil prices will help Delta save $3 billion this year, Jacobson said. Delta, the first U.S. airline to report fourth-quarter results, earned $926 million, or $1.18 a share, in the quarter ended Dec. 31. Analysts had expected Delta would earn $928 million, or $1.19 a share.
BUSINESS
January 20, 2016
In the Region Rittenhouse plan revised Southern Land Co. is negotiating with the Rittenhouse Plaza's condo owners to buy a three-story annex beside their building to accommodate more retail space at its adjacent 1911 Walnut residential tower proposal. The Nashville-based developer would use the space to extend two stories of retail planned for the Walnut Street side of the project, multifamily development director Dustin Downey said Tuesday. The space would likely be sectioned for use by two restaurant tenants, said Downey.
BUSINESS
October 16, 2015 | By Linda Loyd, Inquirer Staff Writer
Delta Air Lines said Wednesday that its refinery in Trainer, Delaware County, posted a $106 million profit in the third quarter, compared with $19 million a year ago. "Our total fuel expense declined by over $1 billion in the quarter as lower market fuel prices more than offset higher consumption," chief financial officer Paul Jacobson said in a conference call on the company's earnings. Lower crude-oil costs and increased production helped boost the refinery's profit, Jacobson said.
BUSINESS
October 3, 2015 | By Linda Loyd, Inquirer Staff Writer
Ever been on a plane and wondered whether your luggage made the flight? Now, American Airlines passengers can track their checked bags - in real time - by going to the American website, and typing in bag claim information. American, which transports 76 percent of air travelers in Philadelphia, introduced the service on Aug. 21. Carriers that offer real-time luggage tracking include US Airways, which is now part of American, and Delta Air Lines. Southwest and United Airlines do not offer the service.
BUSINESS
July 3, 2015 | By Linda Loyd, Inquirer Staff Writer
The U.S. Justice Department is investigating possible collusion among major airlines to limit capacity, or available seats, in an effort to keep airfares high. American Airlines, which operates a hub with 460 daily flights at Philadelphia International Airport, Delta Air Lines, United Airlines, and Southwest Airlines each confirmed receiving a letter from the Justice Department in connection with the agency's antitrust probe. All said they were cooperating. Justice Department spokeswoman Emily Pierce on Wednesday acknowledged an investigation into "possible unlawful coordination by some airlines," but declined to identify the carriers.
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