I wonder what the ROI looks like now with oil at a $36/barrel and its projected to go lower, it was probably not Delta's greatest move.
Here's an article disputing that $10M figure: http://247wallst.com/aerospace-defense/2015/10/26/how-much-does-a-used-boeing-777-cost/I'd say it's safe to say RA is the savviest airline CEO out there. His track record is tough to beat, every move he's made has paid off big time for DAL. Last thing I read on the net is he's strong-arming Boeing for 10 used triple 7's for under 10 mil each. Sharp dude
The crack spread (a good measure of refinery profitability) has decreased quite a bit since summer. The refinery likely lost money this quarter and will probably lose money again in the first quarter unless there's a large change in the crack spread.A refinery REFINES the oil. I know oil consumption is down, but the empty tankers were lined up down the river past Wilmington. Somebody is making money.