Stop The Bleeding -- NWA Loses $1.1 Billion In Q1 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Fri, May 12, 2006

Stop The Bleeding -- NWA Loses $1.1 Billion In Q1

Bankruptcy Losses Mount... But Could This Be Worst Of It?

It isn't easy being Northwest Airlines... but the bankrupt carrier hopes it's seen the worst of it. Just two days after US Airways reported a quarterly profit for the first time in five years, Northwest had to report it lost a whopping $1.1 billion -- with a "B" -- between January 1 and April 1 this year.

It would seem the pace of Northwest's losses are really picking up -- as that's twice the quarterly loss suffered by the airline compared to the same time last year.

What's to blame? Skyrocketing fuel costs... as well as a recent reorganization the carrier says cost $975 million. But let's look at this again.

However, Northwest is quick to point out that number makes things seem worse than they actually are. If you take away the cost of the reorganization, Northwest actually only lost $129 million in the first quarter. Same time last year... the company lost about $450 million.

Hmmm. Maybe things aren't so bad after all.

FMI: www.nwa.com

Advertisement

More News

ANN's Daily Aero-Linx (05.02.24)

Aero Linx: Model Aeronautical Association of Australia MAAA clubs are about fun flying, camaraderie and community. For over 75 years, the MAAA has been Australia’s largest fl>[...]

ANN's Daily Aero-Term (05.02.24): Touchdown Zone Lighting

Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]

Aero-News: Quote of the Day (05.02.24)

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

NTSB Final Report: Cirrus Design Corp SR20

Student Pilot Reported That During Rotation, “All Of A Sudden The Back Of The Plane Kicked To The Right..." Analysis: The student pilot reported that during rotation, “>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC