Northwest Airlines Corporation

News and overview for Northwest Airlines Corporation

Northwest Airlines Reports Third Quarter 2008 Financial Results [Press Release]
Business Wire | 41 days 8 hours 17 minutes ago
Northwest Airlines Corporation (NYSE: NWA) today reported a third quarter 2008 net loss of $317 million, or $1.20 per share. The reported results include a $410 million non-cash charge associated with marking-to-market out-of-period fuel hedges as required by Statement of Financial Accounting Standard (SFAS) 133, Accounting for Derivative Instruments and Hedging Activities. Excluding this charge, Northwest reported an adjusted net income of $93 million for the quarter, or $0.35 per share. The...


Northwest Airlines Reports Second Quarter 2008 Financial Results [Press Release]
Business Wire | 132 days 8 hours 19 minutes ago
Northwest Airlines Corporation (NYSE:NWA) today reported a second quarter 2008 net loss of $377 million, or $1.43 per share. Reported results include a net non-cash impairment charge of $547 million and a $250 million gain associated with marking-to-market out-of-period fuel hedges. These results compare to the second quarter of 2007 when Northwest reported net income of $2.1 billion, which included $1.9 billion related to reorganization items.


NWA Shareholders Vote in Favor of Merger with Delta Air Lines [Press Release]
Business Wire | 68 days 6 hours 14 minutes ago
Stockholders at the Northwest Airlines Corporation (NYSE: NWA) 2008 Annual Meeting in New York City today overwhelmingly voted in favor of the proposed merger with Delta Air Lines.


Northwest Airlines Reports Full Year 2007 Results [Press Release]
Business Wire | 308 days 5 hours 46 minutes ago
Northwest Airlines Corporation (NYSE: NWA) today reported a 2007 pre-tax profit of $764 million before reorganization items, a 154 percent improvement over its 2006 pre-tax income of $301 million before reorganization items.


Northwest Airlines Reports First Quarter 2008 Results [Press Release]
Business Wire | 223 days 8 hours 9 minutes ago
Northwest Airlines Corporation (NYSE:NWA) today reported a first quarter 2008 net loss of $4.1 billion, or $15.78 per share. Reported results include a non-cash goodwill impairment charge of $3.9 billion. This compares to the first quarter 2007 when Northwest reported a net loss of $292 million.


Northwest Airlines Reports Second Quarter 2007 Results [Press Release]
Business Wire | 490 days 7 hours 44 minutes ago
Northwest Airlines Corporation (NYSE:NWA) today reported a net profit of $2.15 billion for the second quarter of 2007.This compares to a second quarter 2006 net loss of $285 million.Excluding reorganization items, Northwest reported a second quarter pre-tax profit of $273 million, compared to a pre-tax profit of $179 million in the second quarter of last year.


Prestigious Magnus Award Finalists Announced by the M&A Advisor [Press Release]
PRNewswire | 42 days 20 hours 12 minutes ago
NEW YORK, Oct. 20 /PRNewswire/ -- Excellence in M&A transactions over $1 billion in deal size will be recognized at the 17th Annual Middle-Market Conference and 7th Annual Awards Gala on December 15th at the historic Hudson Theatre in NY.


Northwest Airlines Reports Third Quarter 2007 Results [Press Release]
Business Wire | 400 days 7 hours 43 minutes ago
Northwest Airlines Corporation (NYSE:NWA) today reported a third quarter pre-tax profit of $405 million, a 57 percent improvement versus the third quarter of 2006, excluding reorganization items.For the first nine months of 2007, Northwest reported a $778 million pre-tax profit, a 153 percent improvement versus the first nine months of 2006, also excluding reorganization items.


Douglas Steenland Named Air Transport Association Chairman [Press Release]
PRNewswire | 333 days 4 hours 15 minutes ago
...the leading U.S. airlines, announced today the election of Northwest Airlines Corporation President and Chief...ATA and our member airlines thank outgoing board...executive officer to Northwest Airlines in 2004, having...


Compass Airlines Receives Regulatory Approval from Mexico Civil Aviation Authority to Operate Flights from Detroit to Monterrey, Mexico [Press Release]
Business Wire | 216 days 2 hours 1 minute ago
Compass Airlines (NYSE: NWA) announces that it has received a Foreign Air Carrier Permit from the Mexico civil aviation authority authorizing the airline to operate new nonstop flights from Detroit to Monterrey, Mexico. This is a major milestone in the regulatory approval process as the new flight schedule begins May 2, 2008.


Machinists Urge Northwest, Delta Shareholders to Scuttle Merger [Press Release]
PRNewswire | 181 days 22 hours 11 minutes ago
...announced its has contacted Northwest Airlines Corporation and Delta Air Lines Incorporated...concerns over the proposed Northwest-Delta merger. "I urge...including 12,500 Northwest Airlines employees. Additional information...


Research and Markets: Essential SWOT Report on Alaska Airlines, Inc. Available Now [Press Release]
Business Wire | 159 days 10 hours 40 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/378380/alaska_airlines_i) has announced the addition of the "Alaska Airlines, Inc. Travel, Tourism, Leisure & Hospitality SWOT Report" company profile to their offering.


Pizza Restaurants in the United States Are Facing Considerable Challenges Over The Coming Years [Press Release]
Business Wire | 46 days 5 hours 2 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/fb6887/pizza_restaurants) has announced the addition of the "Pizza Restaurants in the United States 2008" report to their offering.


Northwest Airlink Carrier Compass Airlines Completes First Revenue Flight with New Embraer 175 Aircraft [Press Release]
Business Wire | 469 days 4 hours 47 minutes ago
Compass Airlines, a wholly-owned subsidiary of Northwest Airlines (NYSE:NWA) operating under the Northwest Airlink banner, today completed its first revenue flight with the new dual-class 76-seat Embraer E-175 regional jet aircraft.





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Company Overview


Company: Northwest Airlines Corporation
Industry: Airlines
Website: http://www.nwa.com

For now, you can still fly Northwest -- at least until the logos on the planes change. Northwest Airlines, which was acquired by Delta Air Lines for $2.8 billion in October 2008, transports passengers and cargo to about 240 cities in North America, the Asia/Pacific region, and Europe. Its US network includes locations served by regional carriers flying as Northwest Airlink. Northwest's fleet includes about 320 jets; regional partners operate another 200 aircraft. The acquisition by Delta created the largest airline in the world by traffic. Once the integration of the two carriers' infrastructure is completed, Delta will operate a fleet of about 775 aircraft and serve more than 375 destinations worldwide.


Key Numbers

Sales in U.S. Dollars (mil.) 12,528 (2007)
One-year % Growth in Sales -0.3 (2007)
Net Income in U.S. Dollars (mil.) 2,093 (2007)
One-year % Growth in Net Income 0.0 (2007)
Number of Employees 34,000 (2007)
One-year % Growth in Number of Employees 13.3 (2007)
Fiscal Year-End December