Airlines
Delta’s Unusual To-Do List Gets Bigger
Last month, Delta Air Lines bought an oil refinery for $180 million or, rather, the list price of a new wide-body jet. Put that way, it doesn’t sound so strange.
Still, it does sound like a risky marriage. (But aren’t they all?) Wall Street, for one, thinks the airline got a good deal with investors sending Delta stock up almost 2 percent the day the deal was announced.
Like all airlines, Delta offsets its fuel bill – almost $12 billion last year – with hedging contracts. Delta’s...
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