April 26, 2011 |
Surging fuel costs hampered US Airways Group and Delta Air Lines in the first quarter, with both airlines reporting losses Tuesday. US Airways said that traffic and revenue were up during the first three months, but that rising fuel costs, winter weather, and the Japan crisis weighed on results. Philadelphia's dominant airline posted a loss of $114 million, or 71 cents a share - more than double the $45 million loss, or 28 cents a share, a year ago. "Our first-quarter results were clearly impacted by the extremely high price of oil," said US Airways chief executive officer Doug Parker.
December 13, 2014 |
Airline stocks soared Thursday after Delta Air Lines said the sharp drop in oil prices would translate into a $1.7 billion savings in fuel costs next year. Delta said at an investor conference in New York that its Trainer refinery in Delaware County would produce a $75 million profit in the current quarter, helping to offset losses on the airline's fuel-hedge contracts. Delta buys some of its fuel in advance, to hedge against higher costs. But when fuel prices dramatically decline, the airline is locked in and takes a hedge loss.
April 29, 2013 |
Question: I recently booked two tickets through an online travel agency for my husband and me to fly to the Philippines. When I got his ticket, I noticed that "Jr. " was missing from his name. I went back to the site and discovered that there was no space provided where I can put a "Jr. " I called the agency, and a representative told me it was "not a big deal" and that I should not worry about it. They suggested I call Delta Air Lines to give them a "heads-up. " This weekend, I called Delta and asked them about the name issue.
November 27, 2012 |
US Airways Group Inc. said Monday that Hurricane Sandy hurt October revenue by $30 million, and reduced October profit by $15 million. Philadelphia's dominant airline, transporting nearly 70 percent of air travelers, said that November earnings will be hurt by about $20 million because of the storm. The airline said given the impact on travel in the Northeast total bookings fell by 13 percent in the days leading up to, and after, the storm between Oct. 24 and Nov. 3, compared with the same period last year.
January 3, 2012
US Airways Group Inc. announced Tuesday it will begin nonstop daily seasonal summer service from Philadelphia to Salt Lake City on May 24. Additionally, US Airways will add another daily frequency on March 25 between Philadelphia and St Louis, Mo.; Nashville, Tenn., Houston; Albany, N.Y.; Bangor, Maine; and Indianapolis. Separately, US Airways announced new daily flights at Washington Reagan National airport, where it acquired some takeoff and landing rights from Delta Air Lines.
March 1, 2013 |
The oil refinery in Trainer owned by Delta Air Lines received its first shipment of Bakken crude oil from North Dakota on Feb. 12. The test shipment traveled in more than 100 rail cars to Albany, N.Y., where it was moved to a ship, and transported to Delta's docks in Trainer. "We are still evaluating our crude sourcing options. We don't currently have a facility to off-load from rail at Trainer," Delta spokesman Trebor Banstetter said. "If we decide to go ahead fully into the Bakken to get our crude, then we would invest in some rail facilities there, and it would come by rail all the way to the refinery.
December 16, 2011
Delta Air Lines Inc. will begin four daily flights between Philadelphia and New York's LaGuardia airport on July 11 as part of an expansion in New York because it is swapping some takeoff and landing rights with US Airways Group Inc. Delta will operate flights from here to New York at 7 a.m., 10:45 a.m., 2 p.m., and 5:45 p.m., and flights leaving LaGuardia for Philadelphia at 9 a.m., 12 noon, 4 p.m., and 8:05 p.m. daily. Delta said Friday it will spend $100 million to expand LaGuardia's C and D terminals, which will be connected by a 600-foot bridge.
October 24, 2013 |
Delta Air Lines said Tuesday its refinery in Trainer, Delaware County, posted a $3 million profit for the three months ended Sept. 30. It was the first quarterly profit since Delta bought the former ConocoPhillips refinery last year to supply itself with jet fuel. "We have a tremendous opportunity with the Trainer refinery," Delta CEO Richard Anderson told investors on a conference call discussing third-quarter financial results. "Importantly, the refinery's production has proven to be effective in keeping jet cracks in check, particularly in the New York harbor.
April 18, 2012 |
A Delta Air Lines bid to buy the idled ConocoPhillips refinery in Trainer to satisfy its enormous thirst for jet fuel appears to be gaining momentum, industry observers say. According to reports, the Delta board of directors has endorsed a plan to bid on the refinery, one of three Philadelphia fuel-processing facilities that face closure because of poor profits. Two others are owned by Sunoco Inc. of Philadelphia, which is exiting the refining business this year altogether. Prospective buyers face a May 2 deadline for a second round of bidding on the 185,000-barrel-a-day ConocoPhillips refinery, Tom Kloza, publisher of Oil Price Information Service, reported Monday.
October 18, 2014 |
Delta Air Lines said Thursday that its Trainer oil refinery in Delaware County produced a $19 million profit in the third quarter, and is expected to have a $20 million profit in the current fourth quarter. Delta, the first U.S. airline to report earnings, had Thanksgiving revenues up by 8 percent, and Christmas and New Year's bookings "look solid," company president Edward Bastian reported on a conference call. Management said it has seen no change in booking trends due to the Ebola outbreak in West Africa.