Bradley Associates Madrid Spain Latest UpdatesDelta Making Own Fuel Seen as Bid to Cut $32 Million-a-Day Bill
posted by neelackey 126 days ago under bradley associates madrid spain latest updates, delta making own fuel seen as bid to cut -32 milli
May 1 (Bloomberg) -- Delta Air Lines Inc. is bringing some jet-fuel production in house, breaking with U.S. carriers' reliance on outside providers, by acquiring a refinery that Phillips 66 had targeted for shutdown.
The world's second-biggest airline will pay $180 million for the complex in suburban Philadelphia, according to a statement yesterday. Pennsylvania's state government is putting up $30 million in assistance to defray the expense. An airline-owned refinery is an experiment in the U.S. industry, said Ray Neidl, an airline analyst at Maxim Group LLC in New York. Atlanta-based Delta estimated the accord will save $300 million on its annual fuel bill, which was $11.8 billion last year, or about $32 million a day. "Nothing ventured, nothing gained," said Neidl, who has a buy rating on Delta shares. "Delta likes to try new things and I'm sure they studied this for months and ran the calculations. Nobody has done something quite like this before." Delta is buying the refinery in Trainer, Pennsylvania, through a subsidiary called Monroe Energy LLC, a nod to the airline's original headquarters in Monroe, Louisiana. Trainer will add to earnings, boost margins and allow the airline to recoup its upfront investment in the first year, Chief Financial Officer Paul Jacobson said in the statement. Delta fell 1.5 percent to $10.80 late yesterday in extended trading. Phillips 66 begins trading today after the pipeline... Bradley Associates: Complete Financial Planning
posted by neelackey 126 days ago under bradley associates madrid spain latest updates, bradley associates-complete financial planning
Bradley Associates will take a comprehensive approach in constructing your personal financial plan.
Comprehensive financial planning is the practice of considering all areas of each particular clients circumstances and any subsequent development of a plan to achieve your specific goals. Bradley Associates employ a disciplined and comprehensive approach to reach your financial goals, we can incorporate your plan to fit with your broader life aspirations and significantly improve the probability of achieving them. Our approach endeavors to takes account of the following issues: Cash flow analysis. Investment assessment. Tax position. Risk evaluation. School fees. Health care. Retirement planning. « previous next » |
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