OK, we saw in April that Delta was going to pursue this refinery. Now they have closed on the deal. My question is this: Assuming that fuel cost savings are indeed significant do you think they might pass on those savings to labor or the flier's cost of a ticket even to the extent of undercutting a competing airline's price on a route?
Courtesy: Associated Press Via Pittsburgh Post-Gazette
Delta Closes On Deal For Philly-Area Refinery
"A Delta Air Lines subsidiary closed Friday on a deal to purchase a suburban Philadelphia oil refinery and plans to resume fuel production in the fall, a move the airline hopes can cut its jet fuel bill by $300 million a year."
"Officials said the refinery is expected to restart in September and that a Delta subsidiary - Monroe Energy LLC - will run it. Monroe will start a turnaround at Trainer after the July 4 holiday and plans to resume fuel production in the fall, company officials said in a statement."