Northwest Posts $346M Loss in Bankruptcy

Northwest Airlines Corp. lost $346 million during the first six weeks of its bankruptcy, the company said on Wednesday.

The loss included $136 million from operations and $158 million for reorganization expenses from its Chapter 11 filing on Sept. 14 to Oct. 31, according to a report filed in bankruptcy court in New York. The rest of the loss included items such as interest expense.

The loss for the period came on revenue of $1.57 billion.

Northwest said it had $1.6 billion in cash and short-term investments on Oct. 31.

The carrier had previously reported losing $475 million for the quarter that ended Sept. 30. It has said in bankruptcy filings that it expects to lose $1.7 billion for the year.

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