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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 6 pages

Country: United States

Sector: Refining (Energy)
Delta Airlines Acquires Trainer Refinery in Pennsylvania to Strengthen its New York Area Flight Hub Expansion Plans

Summary

On April 30, 2012, Delta Airlines announced the purchase of Phillips 66’s Trainer refinery in Pennsylvania. The $150m acquisition also includes pipeline and transportation assets, which will help in delivering jet fuel to Delta’s operations in the Northeastern US. The Trainer refinery has started production under a new management team from September 2012 onwards. The deal is expected to help Delta Airlines in its plan to expand operations in the New York area flight hub. The company is also planning to reconfigure the Trainer refinery to increase the yield of jet fuel, which will help the company to save around $300m annually in its total fuel expenses.

Scope

- The report explains why Delta Airlines acquired Trainer Refinery in Pennsylvania.
- The report also covers Delta Airlines' plans to strengthen the expansion of its New York area flight hub.
- Geographic Scope- the US.

Reasons to buy

- The report talks about how the acquired Trainer Refinery by Delta Airlines in Pennsylvania will help it to strengthen its New York Area Flight Hub expansion plans.
- It helps us to understand how increasing cost of feed crude coupled with declining demand for gasoline resulted in the closure of major East Coast refineries in the US.
- The report also highlights how Delta Airlines’ utilization of the Trainer Refinery will save it $300m in operational costs.
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