dtwclipper
Posts: 6668
Joined: Wed Oct 29, 2003 3:17 am

Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 12:00 am

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.

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SESGDL
Posts: 2621
Joined: Sat Jan 13, 2001 6:25 am

RE: Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 1:11 am

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
 
kith
Posts: 314
Joined: Sun Mar 21, 2004 1:26 pm

RE: Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 1:47 am

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
Posts: 1927
Joined: Thu Mar 11, 2004 11:38 pm

RE: Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 1:51 am

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'...
 
nwa757300
Posts: 177
Joined: Thu Oct 11, 2001 12:18 am

RE: Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 2:45 am

Ouch? Compare what NW($46 million) lost to DL($646 million). Now that's a BIG OUCH.
 
burnsie28
Posts: 5042
Joined: Mon Aug 02, 2004 1:49 am

RE: Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 3:18 am

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.
 
N1120A
Posts: 26468
Joined: Sun Dec 14, 2003 5:40 pm

RE: Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 3:22 am

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
Posts: 1579
Joined: Tue Aug 02, 2005 10:23 pm

RE: Ouch, NW Loses $46 Million In Q3

Thu Oct 21, 2004 11:24 am

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
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