March 6, 2013 |
Shares of Delta Air Lines rose 5 percent after the carrier said Monday that it expected a second-quarter profit of $75 million to $100 million at its oil refinery in Trainer. Delta also said the current quarter would be the airline's first profitable March quarter since 2000. "Running an oil refinery, much like running an airline, is not for the faint of heart," Delta president Edward Bastian told a JPMorgan conference. He said operational issues kept the refinery at 75 percent capacity in January and February.
December 13, 2013 |
Delta Air Lines, which bought the former ConocoPhillips refinery in Trainer, Delaware County, to secure a steady source of discounted jet fuel, said Wednesday the refinery lost $100,000 in 2013, but is expected to be profitable next year. Although some analysts had expressed skepticism about an airline diversifying into oil refining, a capital-intensive business with low margins, Delta president Edward Bastian told investors Wednesday: "Let me be very clear. Trainer has been a great success for Delta.
July 14, 2013 |
Question: I recently had to have jaw surgery, and my doctor recommended that I cancel a planned flight on Delta Air Lines. I submitted a request through my travel agency, but it refused to refund the ticket because it had a policy that tickets are nonrefundable, except in cases of illness or death. So I contacted Delta directly. It processed my refund, but told me they had sent the money back to my travel agency. I contacted the agency and asked it for the refund, but they refused, citing their refund policy.
July 11, 2012 |
IN THE REGION Retailer's shares fall on sales news Shares in Destination Maternity Corp. fell 19.6 percent Tuesday on news that the Philadelphia apparel retailer had notched lower-than-expected sales during the quarter ended June 30. Net sales of $138.8 million were below the low end of sales guidance of $142 million to $147 million issued on April 26. The same quarter a year earlier, sales were $146.7 million. The company issued new earnings guidance of 51 cents to 53 cents per share for the quarter, down from 57 cents to 70 cents forecast in April.
January 24, 2012 |
Hoping a fourth try will be the charm in its effort to tie the knot with another carrier, US Airways Group Inc. is said to be analyzing a possible bid to acquire bankrupt American Airlines. Although a bid is far from certain, and likely months away, Delta Air Lines and private-equity firm TPG Capital Group also are looking at American, according to published reports. US Airways has hired Millstein & Co. to examine American, and Delta has hired the Blackstone Group, the Wall Street Journal reported earlier this month.
April 17, 2012 |
A Delta Airlines bid to buy the idled ConocoPhillips refinery in Trainer to satisfy its enormous thirst for jet fuel appears to be gaining momentum, according to industry observers. 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.
July 22, 2011 |
US Airways Group Inc. and Delta Air Lines got the green light from regulators Thursday to swap some takeoff and landing rights at New York's LaGuardia and Washington's Reagan National Airports. At Reagan, US Airways - the dominant carrier in Philadelphia - will acquire 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 will get 132 slots at LaGuardia, currently used by US Airways Express flights, to increase its presence in New York, where it already has a hub at John F. Kennedy International Airport.
April 26, 2013 |
SCOTTSDALE, Ariz. - US Airways Group reiterated Wednesday the importance of Philadelphia as a hub airport in the coming merger with American Airlines. Speaking at its 13th annual media day, where executives mingled with reporters to talk about the merger and put a best foot forward on what will be the world's biggest airline, US Airways president Scott Kirby said New York's John F. Kennedy International Airport, from which American does a lot of international flying, "is a great point-to-point market" for local fliers traveling between New York and destinations such as London's Heathrow Airport.
June 3, 2011 |
US Airways Group Inc. and Delta Air Lines have again asked regulators for permission to swap some takeoff and landing rights at New York's LaGuardia and Washington's Reagan National Airports. US Airways would get 42 Delta slots, which translate into round-trip flights, at Reagan; international rights to fly to Sao Paulo, Brazil, in 2015; and $66.5 million in cash. In return, Delta would get 132 slots at LaGuardia, currently used by US Airways Express flights, to increase its presence in New York, where it already has a hub at John F. Kennedy International Airport.