America’s biggest airline, Delta, is reported to be bidding for a big stake in Sir Richard Branson’s Virgin Atlantic. The deal could lead to Branson giving up control of the carrier he founded.
In a first for an airline, Delta plans to pay $150 million for an oil refinery in Pennsylvania in a effort to bring some order to its fuel prices. But even if Delta's oil refinery deal works out well, fares are probably not going to drop.