July 16, 2016 |
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.
April 22, 2016 |
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.
April 16, 2016 |
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.
March 26, 2016 |
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.
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.
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.
October 16, 2015 |
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.
October 3, 2015 |
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.
July 3, 2015 |
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.
April 17, 2015 |
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.