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Northwest Airlines(NWACQ.PK Quote) reported a first-quarter profit excluding special items for the first time since 1998, and said it will emerge from bankruptcy protection in June.
Taking out reorganization items, the carrier said its pretax profit was $100 million, compared with a pretax loss of $129 million in the same quarter a year earlier. Revenue was $2.87 billion, down 0.6%.
Including restructuring items, Northwest reported a loss of $292 million, compared with a $1.1 billion net loss a year earlier. ...
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