Northwest Airlines releases second quarter financial results.(Financial report)

From: Airline Industry Information | Date: July 23, 2008 | Copyright information

AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Northwest Airlines Corporation (Northwest) (NYSE:NWA) has announced its results for the second quarter 2008.

The airline reported a net loss of USD377m, or USD1.43 per share, for the quarter. This is inclusive of a USD250m gain from marking-to-market out-of-period fuel hedges and a net non-cash impairment charge of USD547m. In the second quarter of 2007, Northwest recorded a net income of USD2.1bn...

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