After posting a $28 million loss in the first quarter of this year, the refinery of Delta Air Lines in Trainer has recorded a $10 million loss for the second quarter, writes Linda Loyd for the Philadelphia Inquirer.

Paul Jacobson, Delta’s CFO, pointed out the refining industry is cyclical. “We’ll have good times, and bad times with that refinery, but we are absolutely committed to it, irrespective of its profits,” he said during a conference call with investors.

CEO Edward Bastian said he expects it will generate profits for Delta over time. Refining profit margins or “crack spreads” in the past two quarters have been hurt due to the rise in crude oil prices.

“We expect the lower crack spread environment, which is a positive for Delta overall, will likely result in a modest loss for the refinery for the full year,” said Jacobson.

Delta bought the refinery four years ago for $150 million to provide cheaper jet fuel. Apart from the last two quarters, it had posted seven consecutive profitable quarters for the company.

“We measure the success of that refinery based on how well it operates, and the team that we have there has been performing extraordinarily well from a cost basis and from an operational reliability basis,” said Jacobson.

Read more about the refinery in Trainer in the Philadelphia Inquirer by clicking here.