Northwest lost $1.1B in first quarter?!?
05-11-2006 | 10:12 PM
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Northwest loses $1.1B in first quarter
According to USAtoday, Northwest Airlines said Wednesday it lost $1.1 billion in the first quarter, attributing most of the red ink to bankruptcy expenses. The carrier said its loss would have been $129 million without $975 MILLION in bankruptcy expenses.
Last edited by P-51D; 05-11-2006 at 10:19 PM. Reason: Needed to use present tense in title, not past tense.
05-12-2006 | 09:45 AM
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From: B777
USAirways and United showed just how much an airline can write down in BK on a qurterly basis. This week Delta reported a 2.1 BILLION dollar loss (still outdone by UAL's 2.5 Billion dollar one quarter loss while in BK). Look for more of the same.
05-12-2006 | 10:58 AM
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From: FO, looking left
How come no one on this board posted a thread about United's
$23 BILLION DOLLAR gain sometime this year??
You need to be very weary of these figures when an airline is in bankruptcy! You will see these huge quarterly losses (like UAL's $2.43 billion), but they are generally all on paper. Then you see a giant gain at the end (like UAL's $23 billion). These numbers don't mean anything. They really don't.
Look at operating loss! Look at RASM, look at CASM, see how their load factor is doing. These numbers truly matter.
And I know that bankruptcy court costs (especially lawyer fees) cost good amounts of money (over $100 million for the process), but the fact is that the two recent airlines in bankruptcy (US Air and United) have come out much stronger airlines.
$23 BILLION DOLLAR gain sometime this year??
You need to be very weary of these figures when an airline is in bankruptcy! You will see these huge quarterly losses (like UAL's $2.43 billion), but they are generally all on paper. Then you see a giant gain at the end (like UAL's $23 billion). These numbers don't mean anything. They really don't.
Look at operating loss! Look at RASM, look at CASM, see how their load factor is doing. These numbers truly matter.
And I know that bankruptcy court costs (especially lawyer fees) cost good amounts of money (over $100 million for the process), but the fact is that the two recent airlines in bankruptcy (US Air and United) have come out much stronger airlines.
05-12-2006 | 12:56 PM
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From: B777
Originally Posted by ryane946
How come no one on this board posted a thread about United's $23 BILLION DOLLAR gain sometime this year??.... These numbers don't mean anything. They really don't.
05-12-2006 | 02:49 PM
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Originally Posted by ryane946
How come no one on this board posted a thread about United's
$23 BILLION DOLLAR gain sometime this year??
You need to be very weary of these figures when an airline is in bankruptcy! You will see these huge quarterly losses (like UAL's $2.43 billion), but they are generally all on paper. Then you see a giant gain at the end (like UAL's $23 billion). These numbers don't mean anything. They really don't.
Look at operating loss! Look at RASM, look at CASM, see how their load factor is doing. These numbers truly matter.
And I know that bankruptcy court costs (especially lawyer fees) cost good amounts of money (over $100 million for the process), but the fact is that the two recent airlines in bankruptcy (US Air and United) have come out much stronger airlines.
$23 BILLION DOLLAR gain sometime this year??
You need to be very weary of these figures when an airline is in bankruptcy! You will see these huge quarterly losses (like UAL's $2.43 billion), but they are generally all on paper. Then you see a giant gain at the end (like UAL's $23 billion). These numbers don't mean anything. They really don't.
Look at operating loss! Look at RASM, look at CASM, see how their load factor is doing. These numbers truly matter.
And I know that bankruptcy court costs (especially lawyer fees) cost good amounts of money (over $100 million for the process), but the fact is that the two recent airlines in bankruptcy (US Air and United) have come out much stronger airlines.
didn't united just lose $300 million this last quarter....
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