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.
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 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.
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 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.
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.
July 21, 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.
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.
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 17, 2013 |
When pro golf pitches its air-conditioned tents near Philadelphia - at the U.S. Open at Merion Golf Club, for example - Ernie Els, two-time U.S. Open champ and 2012 British Open winner, stops by the Newtown Square offices of SAP AG, the software maker that has paid him to promote its brand for the last 10 years. Heading to dinner last week with SAP bosses and clients atop the German company's sweeping, glass-walled U.S. headquarters, the tall, sandy-haired pro from South Africa and his entourage paused to admire a pair of curvaceous McLaren sports cars parked seductively outside by a dealer.