MINNEAPOLIS - Northwest Airlines Corp. reported a third-quarter loss of $46 million on Wednesday, blaming high fuel costs and overnment taxes.
The loss, after an $8 million payout on preferred dividends, amounted to 54 cents a share, compared to a profit of $42 million, or 49 cents, a share a year earlier.
The result was much better than analysts expected; a consensus estimate from those surveyed by Thomson First Call forecast a loss of 81 cents a share.
Revenue for the fourth-largest airline rose more than 13 percent to $3.05 billion, from $2.69 billion.
SESGDL From United States of America, joined Jan 2001, 3384 posts, RR: 11 Reply 1, posted (8 years 7 months 5 days 15 hours ago) and read 1966 times:
It's not that bad. Compare NW's loss of $46 million with AA's loss of $214 million or DL's loss of $651 million and those are bad. But Q3 is the strongest quarter for the airlines, so expect an even bigger Q4 loss. There's still a LOT of work to be done before the majors even get close to being profitable.
KITH From United States of America, joined Mar 2004, 359 posts, RR: 1 Reply 2, posted (8 years 7 months 5 days 15 hours ago) and read 1877 times:
Well, im more and more glad I bought some of NWAC last week. NW, I think is positioned best of all the majors (even CO). They have a huge amount of cash built up and there route network is strong/mostly safe from LCC's. Although not making money, there doing OK. -Matt in KITH
Hz747300 From Hong Kong, joined Mar 2004, 1597 posts, RR: 0 Reply 3, posted (8 years 7 months 5 days 15 hours ago) and read 1855 times:
Actually, $46M is no ouch compared to the rest of the industry!!!
Especially when you consider it's competition. Sure they may compete with WN on some routes, but their true competition lies in their ability to transport passengers from Phoenix to London. The other airlines that can do this are:
British Airways
American Airlines
Delta Airlines
Continental Airlines
US Airways
When you consider the results of those carriers, NWAC's results ain't half bad!
Burnsie28 From United States of America, joined Aug 2004, 7411 posts, RR: 9 Reply 5, posted (8 years 7 months 5 days 13 hours ago) and read 1656 times:
Ouch, not hardly, if you look, NW and CO on on their way back to consistant profits, heck they are cutting their losses in nearly half each quarter. I expect to see a small loss on Q4 for each and profits beginning next year.
"Some People Just Know How To Fly"- Best slogan ever, RIP NW 1926-2009
N1120a From United States of America, joined Dec 2003, 25852 posts, RR: 79 Reply 6, posted (8 years 7 months 5 days 13 hours ago) and read 1641 times:
NW is in good shape, considering that they kept their dividend up even in this economy. That says they are confident they will be making money soon. CO is doing even better, but both should be profiting again soon
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
Flyguyclt From United States of America, joined Aug 2005, 537 posts, RR: 9 Reply 7, posted (8 years 7 months 5 days 5 hours ago) and read 1367 times:
Now that the NWA pilots are almost on board with paycuts, usually eveyone else will follow suit and the profits will return. NWA has the most determined employees in the business. (just my opinion.)
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