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BUSINESS
May 1, 2012 | By David Lazarus
Delta Air Lines is buying its own oil refinery to maintain a steady flow of affordable jet fuel. It's either a brilliant move or an insane one. The carrier says it will spend $150 million to acquire the refinery from ConocoPhillips, and then an additional $100 million fixing it up. Richard Anderson, Delta's chief executive, called the acquisition "an innovative approach to managing our largest expense. " Jet fuel accounts for about a third of an airline's operating costs.
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CALIFORNIA | LOCAL
September 30, 2013 | By Matt Stevens and Laura J. Nelson
Hours after a business jet crashed into a hangar at Santa Monica Airport, the chairman of an advisory commission renewed a call for city officials to reduce operations at the airport in the name of public safety. The fiery crash occurred about 6:20 p.m. Sunday, when a twin-engine Cessna Citation coming from Hailey, Idaho, veered off the right side of the runway and crashed into a nearby storage hangar. Both the structure and the jet burst into flames, officials said, and the hangar collapsed.
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BUSINESS
January 15, 1985
Gladieux Refinery Inc. received a $76.6-million Defense Logistics Agency Contract for jet fuel.
CALIFORNIA | LOCAL
September 29, 2013 | By Laura J. Nelson
Authorities said late Sunday night that the fires that damaged three buildings at Santa Monica Airport after a business jet crashed there have been extinguished. The crash occurred about 6:20 p.m. Monday, when a twin-engine Cessna Citation coming from Hailey, Idaho, veered off the right side of the runway and crashed into a nearby storage hangar. Both the structure and the jet burst into flames, officials said, and the hangar collapsed. A Santa Monica Fire Department official at the scene told reporters that there could not have been any survivors.
SCIENCE
November 7, 2012 | By Jon Bardin
Researchers have developed a way to enhance the energy produced by biofuels, potentially expanding their usefulness in jet planes and industrial vehicles. Biofuels, which are derived from the sugars in plant matter, have become a mainstay in the stump speeches of political candidates and the energy policy of the Obama administration, providing a potential alternative or supplement for commonly used fossil fuels. But one problem with most biofuels so far has been that they aren't potent enough to replace jet or diesel fuel because they have too few carbon atoms in each molecule.
CALIFORNIA | LOCAL
September 16, 1997
Your assertion that local sales tax revenues generated by the sale of aircraft fuel should remain locally is right on the mark (editorial, Sept 2). Unfortunately, current state Board of Equalization regulations direct these sales tax revenues to the city in which the corporate headquarters of the oil company are located. As a result, San Francisco, which hosts no airport but houses the corporate headquarters for Chevron, receives millions of dollars each year, while the cities that actually support California's airports get little or nothing.
CALIFORNIA | LOCAL
April 26, 2011 | By Bob Pool, Los Angeles Times
Jet fuel was pouring from the bullet hole when the Los Angeles Police Department helicopter struck by sniper fire Sunday in Van Nuys made an emergency landing, authorities said Monday. The pilot "heard a loud thump outside the aircraft and took evasive action," said Robert Price, chief pilot for the police Air Support Division. "He knew the fuel tank had been hit — he could smell the fuel and some of it got on the windshield. " The names of the pilot and observer aboard the A-Star American-Eurocopter AS350 B2 were not released.
BUSINESS
September 24, 1991
Huntway Partners L.P. said its Sunbelt Refining Co. unit in Arizona received a new contract that will boost its production of jet fuel by 50%. Huntway, a Valencia-based company that primarily produces liquid asphalt, said that, effective Oct. 1, Sunbelt will supply 18 million gallons of jet fuel for certain military installations under a one-year contract from the Defense Fuel Supply Center.
CALIFORNIA | LOCAL
November 21, 1991
Norwalk residents will vote on an advisory measure in April on whether the Defense Department should remove 12 tanks containing up to 38 million gallons of flammable jet fuel that are now on a tank farm. The City Council unanimously approved the advisory measure Tuesday night. Mayor Michael Mendez said that officials hope that a strong public vote to remove the tanks might prompt federal officials to consider such action.
CALIFORNIA | LOCAL
January 26, 2007 | Maeve Reston, Times Staff Writer
A company that fuels the commercial cargo planes that fly from March Air Reserve Base and its parent development company were charged Thursday with 11 misdemeanor counts for allegedly mishandling the storage and disposal of jet fuel and putting people at the base at risk.
BUSINESS
July 18, 2013 | By Hugo Martin
Cost-cutting measures taken during bankruptcy and lower fuel prices helped the parent company of American Airlines post $220 million in profits for the three-month period that ended in June. The positive financial report released Thursday marks the best second-quarter performance in the history of AMR Corp. and sets the stage to complete a merger with US Airways this fall. "The new American is taking off," said Tom Horton, chairman and chief executive of AMR. He will take over as chairman of the new merged company, handing off the post of chief executive to U.S. Airways CEO Doug Parker.
CALIFORNIA | LOCAL
June 11, 2013 | By Jean Merl
Crews with the Los Angeles Fire Department worked Tuesday to contain a fuel spill on Pacific Coast Highway in Harbor City. The spill was detected shortly before 10 a.m. at 2200 E. Pacific Coast Highway, officials said. No further details were immediately available from the fire department but KABC News said the spill involved 500 gallons of jet fuel from a 150,000-barrel tank and would take five hours to clean up. ALSO: Hathaway wildfire near Banning burns nearly 2,000 acres Worker killed in accident at new 49ers stadium, officials say 2 wounded in alley shooting near Santa Monica College, police say jean.merl@latimes.com Twitter: @jeanmerl
CALIFORNIA | LOCAL
June 11, 2013 | By Jean Merl
This post has been corrected. See note at the bottom for details. Cleanup of a fuel spill along a gritty stretch of Pacific Coast Highway in Wilmington continued Tuesday, Los Angeles Fire Department officials said. Firefighters were called about 9:45 a.m. to the site of a fuel spill at a business at 2200 E. Pacific Coast Highway in Wilmington. Few details were available shortly after the spill but KABC News reported the incident involved 500 gallons of jet fuel leaking from a 150,000-barrel tank.
BUSINESS
March 27, 2013 | By Stuart Pfeifer
China's three major state-owned airlines reported steep drops in annual profit last year, citing the weak global economy, higher jet fuel prices and smaller foreign currency gains. China Southern, the country's largest carrier, said Wednesday that last year's profit was about 50% lower than the previous year, the Associated Press reported. Rivals Air China and China Eastern reported earnings were about one-third lower. “Demand in the aviation industry in 2012 continued to be weak as a result of the slow recovery of the U.S. economy, the ongoing European debt crisis and the global recession,” Beijing-based Air China said.
BUSINESS
February 21, 2013 | By Hugo Martin
The nation's 10 largest airlines earned a combined $152 million in profits in 2012, according to a report released Thursday by an airline trade group. If that sounds rather meager, that's because it is. It represents 21 cents of profit for every passenger who boarded a plane in the year, or a margin of 0.1%, according to an analysis by the industry trade group Airlines for America. The profit margin is a 64% drop compared with 2011, when the same 10 carriers reported net income of $418 million or a 0.3% margin, according to the trade group.
NATIONAL
November 21, 2012 | By Michael Muskal
Dense fog around Chicago forced airline delays and cancellations Wednesday as inclement weather put a damper on one of the nation's busiest travel days at the start of the Thanksgiving holiday weekend. More than 43.6 million Americans are expected to travel at least 50 miles between Wednesday and Sunday, according to the AAA. That is a barely discernible 0.7% increase from last year. More people are driving and fewer are flying, the travel organization said, and the average distance traveled is about 120 miles less than a year ago. All of that data implies that the economy -- recovering, but at a slow pace -- continues to suppress holiday traffic of all kinds.
NEWS
September 20, 1989 | ERIC BAILEY, Times Staff Writer
A double-tanker truck flipped during the height of morning rush hour Tuesday on the rain-slick Orange Freeway in Anaheim, spilling more than 3,000 gallons of jet fuel, causing the evacuation of several nearby businesses and snarling traffic for five miles in both directions. "It was incredibly messed up," said Thomas Roe, owner of a body shop near the accident scene. Roe said it took him two hours to fight his way to work. "It was just deadlocked everywhere," he said. Troubled Morning The 8 a.m.
SCIENCE
January 3, 2009 | From Times Staff and Wire Reports
A passenger jet powered in part by vegetable oil successfully completed a two-hour flight Tuesday to test a biofuel that could lower airplane emissions and cut costs, Air New Zealand said. One engine of a Boeing 747-400 airplane was powered by a 50-50 blend of oil from jatropha plants and standard A1 jet fuel. Biofuels were once regarded as impractical for aviation because most freeze at the low temperatures encountered at cruising altitudes, but jatropha has an even lower freezing point than jet fuel.
SCIENCE
November 7, 2012 | By Jon Bardin
Researchers have developed a way to enhance the energy produced by biofuels, potentially expanding their usefulness in jet planes and industrial vehicles. Biofuels, which are derived from the sugars in plant matter, have become a mainstay in the stump speeches of political candidates and the energy policy of the Obama administration, providing a potential alternative or supplement for commonly used fossil fuels. But one problem with most biofuels so far has been that they aren't potent enough to replace jet or diesel fuel because they have too few carbon atoms in each molecule.
BUSINESS
May 1, 2012 | By David Lazarus
Delta Air Lines is buying its own oil refinery to maintain a steady flow of affordable jet fuel. It's either a brilliant move or an insane one. The carrier says it will spend $150 million to acquire the refinery from ConocoPhillips, and then an additional $100 million fixing it up. Richard Anderson, Delta's chief executive, called the acquisition "an innovative approach to managing our largest expense. " Jet fuel accounts for about a third of an airline's operating costs.
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