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Analysis: Delta's refinery bid looks better on second glance

Reuters -- (Reuters) - Delta Air Lines' (DAL.N) expected bid to buy a Pennsylvania oil refinery has had people in both industries joking that a company from the money-losing airline sector would be right at home in the money-losing world of East Coast refining.

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Submitted Apr 30, 2012 By: The_DR

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roadrunnin Champion Author Richmond Posts:1,749 Points:563,410 Joined:May 2008	Message Posted: Apr 30, 2012 11:19:18 PM Ignore roadrunnin Report Abuse it would be nice if this leads to lower flight costs, maybe they can stop charging for checked bags
USAv8tor Veteran Author Long Island Posts:348 Points:138,665 Joined:Mar 2012	Message Posted: Apr 30, 2012 10:29:02 PM Ignore USAv8tor Report Abuse Delta Airline's may lose this bid to that other company that just purchased Sunoco for $5.3 Billion dollars.
arb0526 Champion Author Greensboro Posts:1,966 Points:408,670 Joined:Mar 2011	Message Posted: Apr 30, 2012 9:24:20 PM Ignore arb0526 Report Abuse And this is a company that made something like 19 billion dollar profit. Who is to say investing a 150 million to save 300 million isn't genius?
aquarinut Champion Author British Columbia Posts:1,628 Points:436,005 Joined:Jul 2011	Message Posted: Apr 30, 2012 9:16:54 PM Ignore aquarinut Report Abuse If it works out, Delta will be in the drivers seat!!
bandannaman Champion Author New Jersey Posts:1,849 Points:365,610 Joined:Dec 2010	Message Posted: Apr 30, 2012 8:02:51 PM Ignore bandannaman Report Abuse yes.
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: Apr 30, 2012 7:53:43 PM Ignore buckets42 Report Abuse Hmmm.
orphancarguyPE Champion Author PEI Posts:3,838 Points:733,040 Joined:Jan 2011	Message Posted: Apr 30, 2012 7:35:05 PM Ignore orphancarguyPE Report Abuse Of course, because its a way to make money--cut out the middlemen. Which is exactly why a few very big businesses like to stuff $loadsabuxatatime at a time into SuperPACs of certain politicians...so they can stop worrying about 99% of the things. Time to go home (to one of many, I expect) to watch "Voldamort and Friends"
playtimeCLE Champion Author Cleveland Posts:8,550 Points:1,542,425 Joined:Nov 2008	Message Posted: Apr 30, 2012 7:34:28 PM Ignore playtimeCLE Report Abuse the next joke will be that the Trainer, Pennsylvania refinery is just the simulator, and they will buy a real refinery in a few years. lol...