Air Transport World

Northwest Airlines.(US Majors)

The carrier returned to profit in 2003, earning $236 million and reversing a loss of $798 million in 2002. It was its first annual profit since 2000, but no one is popping champagne corks in Minneapolis. As management noted at the time, the black ink was owing entirely to one-time gains totaling $801 million. Excluding these items, NWA had a full-year net loss of $565 million, measurably worse than its 2002 net loss of $488 million excluding special items. The deterioration was due to the first-half impact of SARS and Iraq war-related terrorism fears on the airline's extensive Asia/Pacific and (with KLM) transatlantic networks.

Among the Big Six network carriers, NWA is the least exposed to LCCs. …

Log in to your account to read this article – and millions more.