It’s been a little over two years since Delta Airlines took the plunge into the refining business as part of its fuel cost control strategy. The refinery posted a $19 million profit in the third quarter, but has run into problems complying with the renewable fuel standard. The refinery was reconfigured to maximize jet fuel… Keep reading →
With the Solar Impulse plane on a flight path now headed toward New York, it seemed only natural to focus on the quiet transformation happening in the airline fuel business which refiners should be taking very seriously. The idea of using sustainable, cleaner burning fuels for aircrafts has been around for a while. However, considering… Keep reading →
Few industries are hit as hard by high oil prices than the airlines, which can spend close to 40% of their budget on fuel. With jet fuel prices near record highs, the drive to conserve is stronger than ever. Delta recently made headlines with its novel bid to buy an oil refinery, taking a more direct role in procuring fuel. But Delta and other airlines are experimenting with a number of other ways to cut costs. The entire industry is hoping a switch from radar to GPS-based navigation will cut the time it takes both to reach cruising altitude and land a plane.
