Delta’s Trainer Refinery Softens Blow of Rising Jet Fuel Prices

By

The refinery in Trainer.
Image via Monroe Energy.
The Delta refinery in Trainer.

Like other airlines, Delta Air Lines paid higher fuel prices this past quarter, but saved seven cents a gallon by owning its own oil refinery in Trainer, reports The Bharat Express-News.

Delta pays an average price of $2.79 per gallon for fuel, up 33% from the last quarter of last year. That cost includes the 7 cents per gallon saving. The refinery also received almost $1.2 billion in third-party sales revenue.  

Delta saw booming sales this past quarter.

First-quarter consumer demand was up, driven by spring break travel, office re-openings, and the lifting of travel restrictions.

Delta CEO Ed Bastian said March operations were profitable, despite fuel costs.

 “With a strong rebound in demand as Omicron faded, we returned to profitability in the month of March,” Bastian said in a statement.

The company expects a continual rise in fuel prices, between $3.20 and $3.35 a gallon.

Domestic business travel has recovered around 70% for Delta in March, compared to 2019.

International business travel has recovered to around 50%.

Revenue from premium seat sales on domestic flights had fully recovered to 2019 levels last month.

Read more at The Bharat Express-News about Delta’s first-quarter finances and how the refinery in Trainer saved them some money on jet fuel.

Here’s a 2020 video looking at why Delta decided to buy the oil refinery in Trainer.

Join Our Community

Never miss a Delaware County story!

"*" indicates required fields

Hidden
DT Yes
This field is for validation purposes and should be left unchanged.
Advertisement