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FILE - This Thursday, April 19, 2012 file photo shows the ConocoPhillips refinery in Trainer, Pa., near Philadelphia. Delta Air Lines Inc. Monday, April 30, 2012 said it will buy the refinery as part of an unprecedented deal that it hopes will cut its jet fuel bill. Delta is buying the Trainer, Pa. refinery from Phillips 66, a refining company being spun off from ConocoPhillips. Delta says a subsidiary will pay $150 million, including $30 million in job-creation assistance it is getting from the state of Pennsylvania. (AP Photo/Alex Brandon)

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Delta buys a refinery in bid to cut its fuel bill

Delta Air Lines is buying a refinery in a novel and some say risky attempt to slice $300 million a year from its escalating jet fuel bill.The airline said Monday that it is buying the refinery near Philadelphia for $150 million from Phillips 66, a refining company being spun off

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