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Delta Air Lines President Edward Bastian on the airline’s purchase of an oil refinery, its expansion at New York City’s LaGuardia airport and its ...
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Robert I've enjoyed by as fast and that the president of Delta Airlines here with us today we're so glad that you could be on let us in this exclusive for the fox.
Business network -- so much talk to you about the first is the oil refinery.
That delta just got -- big -- -- the only airline to do that why are you doing that morning obviously a high oil prices but how beneficial would this really be for delta.
Let's gonna be very beneficial it's about 40% of our cost our oil prices and so we felt like we need to do something to get out and try to sort to change the curve.
Owning the -- back to our is to generate a producer level prices and we think it's gonna be -- hundreds of millions of dollars of benefit here.
Getting another is this something that is -- sites to do -- Not actually this one's gonna supply -- 80% of our needs in the US so I think we're gonna be well situated.
That's a big deal 80% let's talk about your expansion here at LaGuardia Airport right here in New York that's a big deal for you today.
You know we're excited about it where your celebrating we're closing bell -- our employees and customers.
The largest expansion recorded in forty years which has said it over a 150 flights.
In the last couple of months to to LaGuardia in terms of -- stops -- now serve.
47 of the top fifty markets out of LaGuardia on delta.
And it's it's it's a great cause for celebration we've -- about a thousand jobs.
Over the last couple months and we're investing about a 150 million dollars into the facility so a lot to sober.
You're talking about adding jobs adding more flights are either be able to fill all these slights you feel confident about the economy in about the folks getting on these -- -- economy is solid we have you were cautious we've we've we watch and see the signals in the headline like everybody else but.
We just finished our June month and we reported our -- months unit revenues were up 8% so our our equivalent of the same store -- measure 8% solid and as we look to the summer the planes are full.
What are what are your forward looking numbers what are you hoping for you -- 8% for the last month what is your what is your next month's -- Well we'll be reporting our results next -- so I'm in a blackout here really can't give much forward looking information.
But I'll tell anyone if you're looking on the planes you can -- you can -- business very strong.
Business is strong for Dell's talk about the fact I you have a labor union contracts the pilots you've made it through that any other issues that may come up with.
-- -- worth delighted our our our pilot union.
Got together with management we did the deal six months early.
So most unions in the in the airline industry -- -- months if not years late we are actually.
First time in our history in the airline's history got something done ahead of schedule and we're pleased -- that.
Right last question any TV's on the planes because somebody -- other competitors have televisions and -- television girl I like that any chance not.
We have a lot of television's live television and we're the only airline -- -- across our -- domestically and we're adding it's more international plain stupid.
-- right -- love TVs on delta as well let's a lot of news that you gave us today at -- in thank you.
