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DAL Coverage Page 38
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Energy
East Coast Oil Refinery Will Not Close
The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture with The…
7:03am ET
Investing
Ten Brands That Will Disappear In 2013
Each year, 24/7 Wall St. identifies 10 important American brands that we predict will disappear within a year. This year’s list reflects the brutally competitive nature of certain industries and the reason…
11:46am ET
Energy
Is Oil Refining a Zombie Industry? (DAL, PSX, VLO, MPC, TSO, HFC, WNR, CVI, CG, XOM, CVX, BP, PBR)
When Delta Air Lines Co. (NYSE: DAL) agreed to buy an oil refinery from Phillips 66 (NYSE: PSX), the transaction underscored a shift that has been taking place in refinery ownership. Pure…
8:43am ET
Transportation
Airline Satisfaction Ratings More than Fees (ALK, DAL, UAL, AAMRQ, LCC, LUV, JBLU)
While airline fees for checked baggage are decidedly unpopular among travelers, other factors can combine to overcome the negative impact of fees. Low-cost carriers appear to have the advantage here over traditional…
1:24pm ET
Energy
Refinery Sale Suddenly In Jeopardy (PSX, COP, DAL, SUN, ETP, CG, CVX, VLO, XOM, BP, CVI)
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
6:43am ET
Investing
What’s Important in the Financial World (6/7/2012) Airline Profits, Food Prices
Unemployment in Greece reached 21.9% in March, which allows it to move into the club of EU nations with unemployment rates over 20%. Spain chairs that association. The Greek number was up…
6:29am ET
Transportation
Global Airline Industry Loses Lift
The global airline industry is no where close to recovery according to the head of its largest trade association. “Oil prices are high, although moderating somewhat from recent peaks. The European sovereign…
4:45pm ET
Transportation
Airlines Squeezed On All Fronts
The airline industry was looking like it was all set for recovery just last week. Despite the economic softness, three different analysts were talking up the sector. It turns out that at…
4:07pm ET
Investing
24/7 Wall St. Closing Bell — June 4, 2012 (FB, YUM, TM, AMZN, BA, CVGW, CONN, NX, JASO, MFRM, UNFI, LAYN, CRED, FOR, ENPH, DAL)
The three major US stock indexes opened very slightly higher this morning, but soon turned south on a disappointing report on US factory orders (our coverage here). In Europe, Germany once again…
4:53pm ET
Investing
Despite Hard Times … Airline Bulls Surfacing (JBLU, UAL, LUV, LCC, DAL)
Oil had a really dismal May, losing roughly 17% and hitting under $87.00 per barrel for WTI Crude on Thursday. While this may not be good for oil barons, the airline industry is getting…
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Transportation
Air Traffic Rises in April (LCC, UAL, DAL, LUV, JBLU)
The International Air Transport Association (IATA) today released traffic data for April showing that total passenger demand rose 6.1% year-over-year, with international traffic up 7.4% and domestic traffic up 3.9%. Freight traffic…
2:53pm ET
Energy
When Will Low Oil Help Airlines Out? (UAL, DAL, LCC, LUV, JBLU)
Oil is tanking behind Europe, commodity inventories are up, and refineries are running at very high historic levels. And guess what, airplanes are full, fares are up, carriers are passing on endless…
3:17pm ET
Investing
Valero May Sell Shuttered Aruba Refinery to China (VLO, PTR, DAL, HES, CHK)
In a filing yesterday with the Securities and Exchange Commission, oil refiner Valero Energy Corp. (NYSE: VLO) said that it has accepted an offer of $350 million plus working capital for its…
11:08am ET
Energy
Icahn Prevails on Bid for CVR Energy (IEP, CVI, UAN, DAL)
As recently as last week it appeared that Carl Icahn’s Icahn Enterprises L.P. (NASDAQ: IEP) may not receive enough shares to complete his takeover of CVR Energy Inc. (NYSE: CVI). Those doubts…