nwafan20
2008-01-29, 07:26 PM
Northwest Airlines 4Q Loss Narrows (http://ap.google.com/article/ALeqM5ga-dXTnxrFcP60b1VmzcjpX3YMtwD8UFNAGO0)
MINNEAPOLIS (AP) — Northwest Airlines Corp. posted a narrower fourth-quarter loss Tuesday, beating Wall Street's forecasts despite higher fuel costs.
For the three months through December, the carrier reported a loss of $8 million, or 3 cents per share. During the same period last year, Northwest had a loss of $267 million, or $3.06 per share, because of hefty bankruptcy expenses.
Good job NW!
Just to compare, here are the Q4's for the other Majors:
American: $69 Million loss
Delta: $70 Million loss
United: $53 Million loss
Continental: Not Announced
I think this proves that Northwest is not in the "desperate" situation that a lot have estimated. Northwest made $764 Million total for the year.
MINNEAPOLIS (AP) — Northwest Airlines Corp. posted a narrower fourth-quarter loss Tuesday, beating Wall Street's forecasts despite higher fuel costs.
For the three months through December, the carrier reported a loss of $8 million, or 3 cents per share. During the same period last year, Northwest had a loss of $267 million, or $3.06 per share, because of hefty bankruptcy expenses.
Good job NW!
Just to compare, here are the Q4's for the other Majors:
American: $69 Million loss
Delta: $70 Million loss
United: $53 Million loss
Continental: Not Announced
I think this proves that Northwest is not in the "desperate" situation that a lot have estimated. Northwest made $764 Million total for the year.