Delta Said to Seek 10% Fuel Savings With ConocoPhillips Refinery

Delta Air Lines Inc., whose daily 2011 fuel bill was $32 million, may buy a ConocoPhillips refinery to help save 10 percent on a significant portion of its fuel needs, a person familiar with the matter said.

Talks are under way about an idled ConocoPhillips facility in Trainer, Pennsylvania, said two people who declined to be identified because the discussions are private. Delta would get fuel from Trainer and from other refiners in exchange for products made there that Delta doesn’t use, one person said.