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Ouch, NW Loses $46 Million In Q3  
User currently offlineDtwclipper From , joined Dec 1969, posts, RR:
Posted (9 years 11 months 4 days 13 hours ago) and read 2902 times:

http://www.freep.com/news/latestnews/pm853_20041020.htm

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.



7 replies: All unread, jump to last
 
User currently offlineSESGDL From United States of America, joined Jan 2001, 3483 posts, RR: 10
Reply 1, posted (9 years 11 months 4 days 12 hours ago) and read 2776 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.

Jeremy


User currently offlineKITH From United States of America, joined Mar 2004, 378 posts, RR: 1
Reply 2, posted (9 years 11 months 4 days 11 hours ago) and read 2687 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

User currently offlineHz747300 From Hong Kong, joined Mar 2004, 1676 posts, RR: 1
Reply 3, posted (9 years 11 months 4 days 11 hours ago) and read 2665 times:
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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!



Keep on truckin'...
User currently offlineNwa757300 From United States of America, joined Oct 2001, 299 posts, RR: 2
Reply 4, posted (9 years 11 months 4 days 10 hours ago) and read 2537 times:

Ouch? Compare what NW($46 million) lost to DL($646 million). Now that's a BIG OUCH.

User currently offlineBurnsie28 From United States of America, joined Aug 2004, 7545 posts, RR: 8
Reply 5, posted (9 years 11 months 4 days 10 hours ago) and read 2466 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
User currently offlineN1120a From United States of America, joined Dec 2003, 26493 posts, RR: 75
Reply 6, posted (9 years 11 months 4 days 10 hours ago) and read 2451 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
User currently offlineFlyguyclt From United States of America, joined Aug 2005, 537 posts, RR: 8
Reply 7, posted (9 years 11 months 4 days 2 hours ago) and read 2177 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.)

Safe Flying  Smile



Florida Express, Braniff II and ......
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