Northwest posts minimal loss in Q4 2007

Quote:

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Northwest Airlines 4Q Loss Narrows

MINNEAPOLIS (AP) — Northwest Airlines Corp. posted a narrower fourth-quarter loss Tuesday, beating Wall Street's forecasts despite higher fuel costs.

For the three months through December, the carrier reported a loss of $8 million, or 3 cents per share. During the same period last year, Northwest had a loss of $267 million, or $3.06 per share, because of hefty bankruptcy expenses.

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Good job NW!

Just to compare, here are the Q4's for the other Majors:

American: $69 Million loss
Delta: $70 Million loss
United: $53 Million loss
Continental: Not Announced

I think this proves that Northwest is not in the "desperate" situation that a lot have estimated. Northwest made $764 Million total for the year.