April 4, 2012 at 5:51 PM ET
Delta Air Lines is seriously considering the purchase of an oil refinery, CNBC's Kate Kelly reported on Wednesday.
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.
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.