Now United may want to buy a refinery

[General Lee]

Think that is what every though when Glen Tilton was hired....

Maybe Tilton was mad he missed the oil market takeoff, along with his bonuses at Texaco? Why didn't he suggest buying a refinery for cheap and taking out the middleman for lower Jet A prices? I guess up to $300 million per year in potential savings wasn't enough for him?

Your example has an oil guy running an airline. I am talking about airline people hiring oil people to run an oil subsidiary. No cross over.



Bye Bye---General Lee

 

[Shag McNasty]

Maybe Tilton was mad he missed the oil market takeoff, along with his bonuses at Texaco? Why didn't he suggest buying a refinery for cheap and taking out the middleman for lower Jet A prices?



Bye Bye---General Lee

Maybe he knew it was a stupid idea?

 

[Diesel-9]

The $300 million annual savings Delta projects are VERY conservative. They will likely be $500-$700 annual savings or more. Plus, they bought a refinery for what, $180 mil plus upgrades that was for sale for over a Billion $$$ less than a decade ago. No air line will find a deal like that now. History will show this was a great move on R.A.'s part.

 

[Dash Power]

Until it blows up. Then you have a BIG problem not being diversified in the oil industry.

 

[B727FA]

Delta buys a refinery to help fuel its gas guzzlers, United is buying A/C that guzzle less and may buy a refinery to help fuel them...... I like United's approach better.

That's ok. We'll still have 80% of our domestic fuel covered...and revenue off the rest. How's that JCBA going for your work groups?

 

[igneousy2]

"Agreement in Principal" = "Mission Accomplished"

 

[General Lee]

"Agreement in Principal" = "Mission Accomplished"

Sounds like it will finally be done, 3-4 years from now.....



Bye Bye---General Lee

 

[WSurf]

And it never ends!!!

 

[Ops check good]

That's ok. We'll still have 80% of our domestic fuel covered...and revenue off the rest. How's that JCBA going for your work groups?

Outstanding

 

[jetflier]

Of course Southwest will just buy all the pipelines and charge Delta an inflated flowage fee for shipping.

Delta already owns pipelines, that came trhought the Republic merger from Hughes Air West.

Howard Hughes created his pipelines to bring fuel to his airline in Phoenix and LasVegas.

Last time I checked the name of the Corp was "Red Baron" and was one of several owned corporations listed in the NWA annual reports.

 

[dalad]

Until it blows up. Then you have a BIG problem not being diversified in the oil industry.

Or until the FAA grounds your entire fleet for whatever.

 

[wms]

Delta buys a refinery to help fuel its gas guzzlers, United is buying A/C that guzzle less and may buy a refinery to help fuel them...... I like United's approach better.

Except United will use them as passenger lounges. They're a step up from their current facilities.

 

[Whine Lover]

" Your opinion is based off of airline people running the refinery."

No.


I never stated or implied that, and historically speaking, that is not what happened either....


?


WL

 

[The Prussian]

Hopefully UAL doesn't buy a refinery in Houston. Southwest will have the Mayor force UAL to give them free fuel.

What do pipelines and Flopgut have in common?

 

[The Prussian]

Head loss!