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G
Do you think if Exxon Mobile will buy Delta they will make even more money?
I mean they produce gas so they dont have to buy it to operate airplanes.
No, the airline industry is very low profit because of the high costs and from the price wars between all the airlines. Look at all the bankruptcies on the various companies. There's no point of Exxon to invest in a very low profit company. They would be better off giving the money back to shareholders instead so that the shareholders could invest in Delta stock if they really wanted.
Rigo
Not enough money in it for ExxonMobil to bother.
Besides, Delta isn't in the best shape if it filed for Chapter 11 bankruptcy.
Frank Castle
Coca-Cola tried to sell films a long time ago and today Columbia is a Sony Company.
Quaker Oats tried to sell Gatorate a long time ago and today Gatorade is a Pepsi Company.
Time Warner tried to sell Music Recordings a long time ago and today Warner Music Group is a Public Company.
Barnes & Noble tried to sell Videogames a long time ago and today Gamestop is a Public Company.
I could go on all night.
Exxon Mobil will buy another Oil Company as soon as Oil drops back to $49.00
Top 3 Answerer in Business & Finance. (Vote for me)
fatsausage
No - there is no pay off in it.
They should build a new Refinery - but will they?
letmesurpriseu
I hope so, I've go stock in Delta and this less than a dollar a share junk is for the birds.