Beer Guzzler
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Drudge Report
If gas goes above $3 like reports are saying 'might' happen, it is going to kill Delta..
Jet fuel has already risen 22% in 2 days.. USA Today
When is DL going to catch a break?
Delta
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Drudge Report
If gas goes above $3 like reports are saying 'might' happen, it is going to kill Delta..
Jet fuel has already risen 22% in 2 days.. USA Today
When is DL going to catch a break?
Hate to rain on Drudge's parade (actually, I love contradicting that self-important, scaremongering buffoon), but CNBC is reporting that Colonial's pipeline is supposed to be up and running agian "within a few hours" (this was about 6 PM Wed EDT).
HGIEFOswitch
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I'm not so sure, read the last paragraph,
At Least Ten U.S. Airports Face Closure Due to Jet Fuel Shortages
The Latest from Airport Business
At Least Ten U.S. Airports Face Closure Due to Jet Fuel Shortages
Details on N.C. Aircraft Noise Due Soon
Two Commercial-Aviation Airports Remain Closed After Hurricane
Wireless Logix Addresses Need for Business and Mobile Services in Airport Concourses
Northwest Cuts Aberdeen Airport Flight
Armbrust Aviation Group
Press Release
August 31, 2005… Airlines and oil companies are working on plans to supply jet fuel to at least ten U.S. airports that could be shut down due to a lack of jet fuel caused by refinery and pipeline shutdowns from hurricane Katrina. The airports in most jeopardy for closure include Atlanta, Charlotte, Ft. Lauderdale, Ft. Myers, Orlando, Tampa, Washington Dulles and West Palm Beach.
AAG has learned that ChevronTexaco and Shell had cargoes loaded prior to the shutdowns destined for Florida ports. However, with the Colonial and Plantation pipelines shutdown due to a lost of power it could be sometime for shipments to reach airports from Atlanta to Washington D.C.
With future supply uncertain, airlines are working on plans to allocate jet fuel at critically short airports. “While some airports may have up to five days of supply we have to expect that we won’t receive additional shipments for some time. We either run down to flumes or we try to make it last as long as possible,†said one airline fuel manager. Today, airlines are working on plans to allocate fuel in hopes of extending available supply at problem locations.
Initial reports vary as to the extent of damage to Gulf Coast refining. But a longer term problem may not be refining infrastructure but providing shelter for refinery workers. “One of our refineries is scheduled to be back up soon but our real problem is finding housing for our workers. Most of their homes are destroyed or under water. Unless we can solve the housing problem we will not be fully operational for some time,†said one major oil company representative.
At Least Ten U.S. Airports Face Closure Due to Jet Fuel Shortages
The Latest from Airport Business
At Least Ten U.S. Airports Face Closure Due to Jet Fuel Shortages
Details on N.C. Aircraft Noise Due Soon
Two Commercial-Aviation Airports Remain Closed After Hurricane
Wireless Logix Addresses Need for Business and Mobile Services in Airport Concourses
Northwest Cuts Aberdeen Airport Flight
Armbrust Aviation Group
Press Release
August 31, 2005… Airlines and oil companies are working on plans to supply jet fuel to at least ten U.S. airports that could be shut down due to a lack of jet fuel caused by refinery and pipeline shutdowns from hurricane Katrina. The airports in most jeopardy for closure include Atlanta, Charlotte, Ft. Lauderdale, Ft. Myers, Orlando, Tampa, Washington Dulles and West Palm Beach.
AAG has learned that ChevronTexaco and Shell had cargoes loaded prior to the shutdowns destined for Florida ports. However, with the Colonial and Plantation pipelines shutdown due to a lost of power it could be sometime for shipments to reach airports from Atlanta to Washington D.C.
With future supply uncertain, airlines are working on plans to allocate jet fuel at critically short airports. “While some airports may have up to five days of supply we have to expect that we won’t receive additional shipments for some time. We either run down to flumes or we try to make it last as long as possible,†said one airline fuel manager. Today, airlines are working on plans to allocate fuel in hopes of extending available supply at problem locations.
Initial reports vary as to the extent of damage to Gulf Coast refining. But a longer term problem may not be refining infrastructure but providing shelter for refinery workers. “One of our refineries is scheduled to be back up soon but our real problem is finding housing for our workers. Most of their homes are destroyed or under water. Unless we can solve the housing problem we will not be fully operational for some time,†said one major oil company representative.
Flying Titan
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A positive statement this afternoon from the FAA....
Statement from the Federal Aviation Administration Concerning the Fuel Supply for Commercial Aviation
Officials with the Federal Aviation Administration are continuously canvassing airports, airlines, and jet fuel providers to ensure sufficient supplies are on hand to support normal commercial operations.
Notwithstanding inaccurate speculation by some individuals quoted in media reports, current information received by the FAA indicates airports and airlines have enough jet fuel to support continued full commercial operations. Given that a number of major pipeline operators have now resumed operations, we believe the aviation industry will not face any immediate disruptions relating to the supply of jet fuel.
###
Statement from the Federal Aviation Administration Concerning the Fuel Supply for Commercial Aviation
Officials with the Federal Aviation Administration are continuously canvassing airports, airlines, and jet fuel providers to ensure sufficient supplies are on hand to support normal commercial operations.
Notwithstanding inaccurate speculation by some individuals quoted in media reports, current information received by the FAA indicates airports and airlines have enough jet fuel to support continued full commercial operations. Given that a number of major pipeline operators have now resumed operations, we believe the aviation industry will not face any immediate disruptions relating to the supply of jet fuel.
###
Beer Guzzler
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Flying Titan said:
Good Post.. Finally a little bit of good news for DL
coolflyingfool
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I am hearing that some of the 6 hour plus flights are stopping for fuel in other cities. Can anyone confirm this? I am sure this is only for ATL originating flights. Just wondering.........
B
B.O.B.
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Delta may not have any money at all to fill up the planes with jet fuel. DAL stock was less than UAL at closing today:
Delta Air Lines Inc. shares slid 3 cents, or 2.8 percent, to $1.01 on the NYSE, and shares of UAL Corp., the parent company of United Airlines, fell 2 cents, or 2.4 percent, to $1.22 in over-the-counter trading. 🙁
Delta Air Lines Inc. shares slid 3 cents, or 2.8 percent, to $1.01 on the NYSE, and shares of UAL Corp., the parent company of United Airlines, fell 2 cents, or 2.4 percent, to $1.22 in over-the-counter trading. 🙁
WorldTraveler
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BO(edited)B,
fuel is bought on credit or with cash, not stock.
fuel is bought on credit or with cash, not stock.
Flufdriver
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Cash or Credit...something DAL has little of...
B
B.O.B.
Guest
WorldTraveler said:
First of all it's B.O.B., not BO(edited)B! :angry:
Second of all, I know that fuel is bought with cash/credit! If their stock hits $0.00, they will have nothing left. No cash (needed to buy fuel), credit (needed to buy fuel), means no fuel! You do know what fuel is, right? 🙄
WorldTraveler
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Stock price has absolutely nothing to do w/ the ability to purchase anything. As of now, DL has credit. If they file for bankruptcy, they will obtain Debtor in Possession (DIP) financing which will provide the cash they need to operate in bankruptcy. If banks are unwilling to provide DIP financing, they DL would be unable to continue to operate; however, no one has suggested that as a possibility.
