Delta Airlines Not Selling Jet Fuel on Open Market
Airnation.net Newswire
Delta Airlines said on Monday that they will not sell the fuel they produce from their recent refinery purchase on the open market. They will only use it for themselves.
Monroe will spend about $100 million to convert the 185,000 barrel-per-day refinery in Trainer, Pennsylvania, to increase its jet fuel output to 52,000 bpd or about 32 percent of output, cutting back production of gasoline.
“We will produce and sell the jet fuel to ourselves,” said Eric Torbenson, a spokesman for the airline, the second-largest in the United States.
Monroe Energy, the Delta subsidiary formed to own the refinery, will sell the fuel back to Delta, Torbenson said, clarifying a media report that quoted Delta’s chief executive officer saying that Delta plans to become a seller in the U.S. fuel market and push prices lower.
Category: Airnation
HAHAHAA HEHEHE i LOVE it! What an AWESOME idea Delta! Now THIS is what you do to run an airline…
Pretty slick move, huh? And they could make a boatload by selling it. Long-term I think this will be great for them.
Definitely!!! :D I like the creativity in some of Delta’s recent moves- it’ll pay off.