Is Delta's oil deal a game changer - or a disaster?

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By Alex Lennane

19/04/2012

This week could see a deal sealed by Delta Airlines to buy a New York oil refinery from ConocoPhillips. Analysts agree that it is an unusual move, and a risky strategy – one said “a potential disaster”. The airline and energy industries are two of the most challenging businesses to be in – and oil refining is not Delta’s core competency. Nevertheless, this article, which looks at the financials involved, argues that the move could be a game changer for the airline industry.

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