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.
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.
January 23, 2014 |
Delta Air Lines said Tuesday that its Trainer oil refinery in Delaware County would have a "small loss" in the current first quarter, after posting a loss of $46 million in the three months ended Dec. 31 and a $116 million loss for 2013. Delta executives said on a conference call that the 180,000-barrel-a-day refinery, operated by subsidiary Monroe Energy L.L.C., would "see a modest profit" for 2014, said chief financial officer Paul Jacobson. "We expect to see only a modest loss for the Trainer refinery in the March quarter, despite the pull-down of one of the main units for modifications," Jacobson told investors.
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.
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.
November 1, 2012 |
Philadelphia International Airport, which curtailed flights for the superstorm, is back in business. At 1 p.m. Tuesday, Delta Air Lines resumed nine flights in and out of Philadelphia. Lufthansa Airlines landed a 4:30 p.m. jet from Frankfurt, and sent a 6 p.m. return flight to Germany. US Airways Group, which operates 430 daily departures from Philadelphia, planned to resume a normal schedule Wednesday morning. Airport spokeswoman Victoria Lupica confirmed that Delta began flying Tuesday, as did Lufthansa.
April 25, 2014 |
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 $41 million in the first quarter but is expected to be profitable in the current June quarter. Delta said one major crude unit at the refinery was shut down for scheduled modifications, which decreased production. To bring Trainer to profitability in 2014, Delta is making infrastructure changes to increase refined production, and boost jet and diesel production to roughly 50 percent of the refinery's total output, Delta chief financial officer Paul Jacobson said during a conference call.
March 29, 2013 |
Have you ever been on a plane and wondered if your luggage made the flight? Now, US Airways passengers can track their checked bags - in real time - by going to the US Airways website, and typing in bag claim information. US Airways rolled out the service on all flights March 19. It is information the airline already had for internal purposes. Delta Air Lines was the first U.S. carrier to launch real-time baggage tracking. Passengers can go to the Delta website or download a free app to pull up information from the bar code on their bag-claim ticket.
January 4, 2014 |
The snowstorm expected late Thursday will impact travel to, from, and through the Northeast. US Airways Group, Southwest Airlines, and Delta Air Lines issued winter weather advisories. US Airways, the dominant airline at Philadelphia International Airport, is waiving change fees for travel through Jan. 8, and will extend the time limit if necessary, said airline spokesman Todd Lehmacher. Southwest, which does not charge change fees, said it is monitoring the storm as it moves through the Midwest to the Northeast, and warned travelers that scheduled flights may be delayed, diverted, or canceled.
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.