Delta Airlines world’s first carrier to produce own fuel

U.S.-based Delta Airlines will soon become the world’s first air carrier to produce its own jet fuel. Delta announced it is buying a oil refinery near Philadelphia from the Phillips 66 oil company for 150 million Dollars for the purpose.
Delta spent 12 billion dollar on jet fuel last year, which was about 36 percent of its operating expenses. Delta held that making its own fuel will save it about $ 300 million a year.

Month: Current Affairs - May, 2012