Thursday, April 5, 2012

Delta Air Lines looking to buy an oil refinery

CNBC's Kate Kelly discusses the details of Delta Air Lines looking to acquire a Pennsylvania ConocoPhillips refinery for more than $100 million.

By msnbc.com staff report

Delta Air Lines?is?seriously considering the purchase of an oil refinery, CNBC's Kate Kelly reported on Wednesday.

This would be a first for a major airline. According to the report, the deal Atlanta-based Delta would pay between $100 million and $150 million for the refinery.?

The refinery in question is in Trainer, Penn., and is?owned by ConocoPhillips.

Airlines are struggling as jet fuel prices continue to skyrocket.

The deal is still under consideration by the Delta board of directors, according to the report.

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