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Northwest (NWA Quote) posted a $317 million loss spurred by a fuel-hedging charge Wednesday, but adjusted earnings far surpassed analysts' estimates.
Despite the loss, CEO Doug Steenland was optimistic about the airline's future, saying industry capacity cuts "create the conditions for sustained profitability."
Including a $410 million non-cash charge associated with mark-to-market accounting for fuel hedges, Northwest lost $317 million or $1.20 a share. So far, those losses are unrealized. ...
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