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April 4, 2012, 5:51 PM EDT

By Market Day

Delta Air Lines is seriously considering the purchase of an oil refinery, CNBC's Kate Kelly reported on Wednesday.

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This would be a first for a major airline. According to the report, the deal Atlanta-based Delta would pay between $100 million and $150 million for the refinery.

The refinery in question is in Trainer, Penn., and is owned by ConocoPhillips.

FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision

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FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

Airlines are struggling as jet fuel prices continue to skyrocket.

The deal is still under consideration by the Delta board of directors, according to the report.

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Delta Air Lines looking to buy an oil refinery

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FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

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FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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