Delta Air Lines’ decision to get into the oil-refining business could be a brilliant strategic move or pure folly, but until full details of the carrier’s deal with BP and Phillips 66 are known, the outcome remains a brainteaser for analysts. The Atlanta-based airline is acquiring a refinery in Trainer, Pa., through subsidiary Monroe Energy for $150 million and says it will invest an additional $100 million to increase the amount of jet fuel produced from crude oil to about 30%, more ...

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