Wednesday, January 30, 2008
Northwest Airlines Losses Less Than Expected
Northwest Airlines, one of our best airlines in this area, and also JetBlue lost less money in the fourth quarter than expected, even in the face of high fuel prices. JetBlue shares jumped more than 20 percent on the possibility of a passenger sharing deal with Lufthansa. It would have been a break even quarter for Northwest Airlines Corp. if not for a loss on its stake in Pinnacle Airlines. I thought I heard on the news that someone wanted to buy out Northwest, but I haven't heard anymore about it recently.
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