highliner2
Posts: 637
Joined: Mon Nov 20, 2000 1:26 pm

NW's Financial State

Tue Jun 29, 2004 10:00 am

How is NW doing? If fuel prices drop, will they be in a position to make a profit again?
Go Cubs!
 
nwcoflyer
Posts: 677
Joined: Thu Jun 19, 2003 7:55 am

RE: NW's Financial State

Tue Jun 29, 2004 11:59 am

NW should be financially sound after they get concessions from pilots this summer. They have the second highest costs in the industry next to DL. Of course, lower gas prices will definatley help. They are the highest cost next to labor.

NW is definatley looking like it will be one of the first majors to achieve sustainable recovery.
The New American is arriving.
 
User avatar
airportugal310
Posts: 3208
Joined: Sun Apr 11, 2004 12:49 pm

RE: NW's Financial State

Tue Jun 29, 2004 1:15 pm

Probably not that bad if they are getting their airplanes repainted...especially that lovely DC-9...no really....its a pimpin plane....but Ill go say that in another thread!  Smile

Latah
I sell airplanes and airplane accessories
 
m404
Posts: 1875
Joined: Tue Nov 25, 2003 4:43 pm

RE: NW's Financial State

Tue Jun 29, 2004 3:00 pm

So yopur saying that when the pilots give back what the caompany has already said was have of what they wanted us other class and crafts wont have to give back our 20 percent?.......................................NOT
Less sarcasm and more thought equal better understanding
 
isitsafenow
Posts: 3413
Joined: Sun Feb 01, 2004 9:22 am

RE: NW's Financial State

Tue Jun 29, 2004 9:58 pm

What bothers me about the airline I patronize the most is that in January and February, NW did not post profit and lose statements but did announce their loads and load factors vs. last year same dates. Then at the end of March, the first quarter they announced a large loss for the first quarter. During the first 90 days of this year, NW was thumping to the unions it needed new contracts to survive and it needed lower pay scales with less benefits.
MY THOUGHT......NW made $$$ the first two months but didn't announce to the public because if they did, there would be NO WAY the unions would play ball on the new contracts....
That last sentence is only a guess, not fact. The first sentence is fact.
safe
If two people agree on EVERYTHING, then one isn't necessary.
 
Ezra
Posts: 474
Joined: Fri Mar 31, 2000 8:21 am

RE: NW's Financial State

Tue Jun 29, 2004 11:17 pm

Originally posted by Isitsafenow:
What bothers me about the airline I patronize the most is that in January and February, NW did not post profit and lose statements but did announce their loads and load factors vs. last year same dates.

Isn't in the custom in this industry to release load information monthly, and financials quarterly? Of course, I have no idea whether NW is on a calendar year. Anyone know more about this?
 
Boeing757/767
Posts: 2179
Joined: Tue Jun 29, 1999 11:05 pm

RE: NW's Financial State

Tue Jun 29, 2004 11:28 pm

There is NO WAY NW or any airline would "hide" profits to get the unions to the table. It's illegal and the SEC would be at your door.

NW, like other companies, is required to file only quarterly profit and loss statements. The exception is UA and other companies in bankruptcy -- they provide financial results monthly.

NW, like other carriers, posts monthly traffic information.
Free-thinking, left-leaning secularist

Who is online