Investor Presentaiton
Managing Fuel Expense to Reduce Risk
Unique approach to Delta's number one input cost
Refinery Update
• Trainer refinery will produce a loss for the
December quarter due to depressed gasoline
crack spreads and Hurricane Sandy
Hurricane Sandy negatively impacted distribution
out of refinery due to damage to infrastructure
•
Impact expected to mitigate by 1Q13
•
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▲ DELTA
Improved Fuel Management
Fleet and operating investments contributing to
1% year-over-year improvement in fuel efficiency
in 2012
Refinery gives Delta leverage for fuel purchases,
generating significant contractual savings
Exploring all opportunities for cost-effective crude
oil sources, including domestic U.S. production
•
Expect to achieve full run rate benefit of $300M
(roughly 7 cents per gallon) in 2013
• Plant operations prior to Sandy would have
produced $280 million of annual savings against
2012 crack spread
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