Wow, another anal-cyst. It's great you can back up your opinions with "I may be way off base."
Bye Bye--General Lee
O.K. General. Here are some of the latest facts on NWA. It was a good quarter. Analyst approval or not, they are doing well.
Like many, I trust the analysts to read and report on the same facts from an earnings report I can read. But I don't trust their guesses at where the industry or individual companies are going. They are often not looking ahead far enough or are just trying to drum up business from the company they are looking at.
I was talking about how much the market will value these companies (stocks). Often stocks go way above or below the value of the enterprise. A guess at the success of the company may have correlation to the stock price, but not necessarily so.
http://biz.yahoo.com/bw/070430/20070430006162.html?.v=1
Northwest Airlines Reports First Quarter 2007 Results
Monday April 30, 2:26 pm ET
EAGAN, Minn.--(BUSINESS WIRE)--Northwest Airlines Corporation (Pink Sheets:
NWACQ -
News) today reported a first quarter 2007 pre-tax profit of $100 million before reorganization items which compares to a first quarter 2006 pre-tax loss of $129 million before reorganization items. Including reorganization items, Northwest reported a first quarter 2007 net loss of $292 million versus a $1.1 billion net loss for the first quarter of 2006.
Commenting on the airline's employee gainsharing programs, Steenland added, "A key element of our business plan is the various programs we have instituted to allow employees to share in the success of a profitable Northwest. So far in 2007, the airline distributed to its employees approximately $395 million in profit sharing, performance incentive payments and proceeds from unsecured claims sales that were part of the collective bargaining agreements. Through 2010, we forecast that Northwest employees will receive approximately $1.6 billion in distributions through these programs and claims."
He continued, "We expect to complete our restructuring process in June and emerge as a stronger and profitable company with the highest valuation in the company's history."
First quarter financial overview
Operating revenues in the first quarter decreased by 0.6 percent versus the first quarter of 2006 to $2.87 billion. System passenger revenue increased 7.5 percent to $2.2 billion on 4.7 percent more mainline available seat miles (ASMs), resulting in a 2.7 percent improvement in unit revenue. Including regional carrier revenues, Northwest's consolidated unit revenue improved 1.3 percent on 3.1 percent more ASMs. Operating expenses in the quarter decreased 8.0 percent year-over-year to $2.67 billion. Mainline unit costs, excluding fuel, decreased by 7.5 percent on 4.6 percent more ASMs. See accompanying consolidated notes to the financial statements for additional information regarding year-over-year comparisons.
TC
