Eagan, MN (AP) -- Northwest Airlines Corp. says it lost $377 million in the second quarter as fuel expenses continue to rise sharply.
Michigan's largest passenger air carrier lost $1.43 per share on revenue of $3.58 billion. During the same period last year, when Northwest emerged from bankruptcy protection, it made a profit of $2.15 billion, including $1.94 billion in bankruptcy items. It would have made $273 million a year ago without bankruptcy items.
Northwest says it would have earned $170 million for the most recent quarter if not for a non-cash accounting charge of $547 million.
Analysts surveyed by Thomson Financial forecast a loss of 54 cents per share on revenue of $3.44 billion.
Analysts do not generally include one-time items.
Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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