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Delta Air Lines

NEWS
May 12, 2012 | By Colin McNickle
Gov. Corbett is hailing it as "an important win for the local community and the people of Pennsylvania. " C. Alan Walker, secretary of the state Department of Community and Economic Development, calls it a "win-win for everybody. " Their effusive praise was for a taxpayer-aided deal that will see Delta Air Lines buy the recently idled ConocoPhillips gasoline refinery in Trainer. In an attempt to battle rising jet-fuel costs, Delta will refine its own at the site, which will supposedly save $300 million a year.
NEWS
October 30, 2012 | By Linda Loyd, INQUIRER STAFF WRITER
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 was sending 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.
BUSINESS
April 25, 2014 | By Linda Loyd, Inquirer Staff Writer
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.
BUSINESS
December 13, 2014 | By Linda Loyd, Inquirer Staff Writer
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.
TRAVEL
July 14, 2013 | By Christopher Elliott, TRIBUNE MEDIA SERVICES
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.
NEWS
January 4, 2014 | By Linda Loyd, Inquirer Staff Writer
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.
BUSINESS
January 23, 2014 | By Linda Loyd, Inquirer Staff Writer
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.
BUSINESS
December 13, 2013 | By Linda Loyd, Inquirer Staff Writer
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.
BUSINESS
March 29, 2013 | By Linda Loyd, Inquirer Staff Writer
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.
BUSINESS
January 24, 2012 | By Linda Loyd, Inquirer Staff Writer
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.
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