OREANDA-NEWS. Delta Air Lines expects its east coast refinery to this quarter post its worst financial performance in three years.

The 185,000 b/d refinery in Trainer, Pennsylvania, will lose $50mn this quarter, chief financial officer Paul Jacobson told the Cowen and Company Global Transportation Conference in New York. That would mark the facility's worst financial quarter since the three month period ending in June in 2013, and bring refinery losses this year to $88mn.

Lower global crude prices erased a railed crude arbitrage that delivered cheaper light, sweet crude from the midcontinent to the Trainer refinery. Waterborne imports to the refiner through the first half of the year increased to their highest average volume since 2013, the first full year of Delta's operating the facility.