Topic Author
Posts: 1237
Joined: Fri Nov 07, 2003 4:19 am

NW 2nd Quarter Results: $182M Loss

Thu Jul 22, 2004 11:00 am

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...
Posts: 3413
Joined: Sun Feb 01, 2004 9:22 am

RE: NW 2nd Quarter Results: $182M Loss

Thu Jul 22, 2004 11:32 am

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.
If two people agree on EVERYTHING, then one isn't necessary.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos