Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
NW 2nd Quarter Results: $182M Loss  
User currently offlineMikey711MN From United States of America, joined Nov 2003, 1397 posts, RR: 8
Posted (10 years 3 days 5 hours ago) and read 2263 times:

NWA reports $182 million loss
Joshua Freed, Associated Press
July 22, 2004

Northwest Airlines lost less money than expected during its second quarter, as full airplanes and cost-cutting helped offset high fuel prices.

For the quarter ended June 30, Northwest said it lost $182 million, or $2.11 per share, compared with a profit of $2.45 per share, or $227 million, a year earlier. The year-ago profit was due to government reimbursement of security fees and the sale of a ticket-processing company.

Without a $104 million charge related to parked aircraft and other inventory, Northwest said it would have lost $78 million, or 90 cents per share. That was much smaller than the $1.21 per share estimate of analysts surveyed by Thomson First Call.

It wasn't just analysts who were surprised. The results were "slightly better than we had expected,'' chief financial officer Bernard Han said.

Revenue for the second quarter was $2.87 billion, up from $2.42 billion in the previous year. Analysts had predicted about $2.8 billion.

Northwest flights were 82.5 percent full, a company record. Chairman and chief executive Richard Anderson said that even with demand increasing, the company has been judicious about returning parked aircraft to the air because most of them carry little debt anyway.

More found at the source.


I plan on living forever. So far, so good...
1 replies: All unread, jump to last
 
User currently offlineIsitsafenow From United States of America, joined Feb 2004, 4984 posts, RR: 24
Reply 1, posted (10 years 3 days 5 hours ago) and read 2224 times:

Considering the size of NW and what is going on the the industry with fuel costs and competition, this is not a gloom and doom report. It is cautiously optimistic.
safe



If two people agree on EVERYTHING, then one isn't necessary.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Westjets 2nd Quarter Results posted Tue Jul 22 2003 16:05:31 by CanadaEH
NW 1Q Results: $1.1B Loss posted Wed May 10 2006 23:30:03 by Mikey711MN
Cintra (MX & AM) Post 2nd. Quarter Loss posted Thu Jul 28 2005 16:47:36 by Juventus
Midwest Airlines 2nd Quarter Financial Results posted Wed Jul 28 2004 00:39:26 by MidEx717
Boeing Reports 2nd Quarter Loss posted Thu Jul 24 2003 18:50:05 by Danny
AMR In The Black 2nd Quarter In Row! posted Wed Oct 18 2006 17:27:08 by AAgent
Airtran Reports Profit For 2nd Quarter posted Fri Jul 28 2006 14:48:43 by UGA777
USAirways Has Hedged 41% Of Fuel For 2nd Quarter posted Fri Jul 7 2006 20:38:59 by KarlB737
United: 1st Quarter Results posted Sat Feb 25 2006 05:56:42 by HunUtazo
SIA Latest Quarter Results posted Sun Feb 5 2006 11:04:11 by PhilSquares