Northwest Airlines’ Loss Widens to $469 Million
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From Bloomberg News
Northwest Airlines Corp., which filed for bankruptcy protection last month, said its third-quarter loss widened to $469 million as fuel costs jumped.
The net loss was $5.45 a share, compared with $38 million, or 54 cents, a year earlier, the Eagan, Minn.-based company said. Sales rose 11% to $3.38 billion.
Fuel expenses, which contributed to the airline’s bankruptcy filing, climbed 48%.
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