Northwest Airlines Corporation
Industry: Airline

Northwest Airlines is the world's fourth largest airline with hubs at Dtroit,Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam and more than 1,700 daily departures. With its travel partners, Northwest serves nearly 750 cities in almost 120 countries on six continents.

Business Summary
Northwest Airlines Corporation (NWA Corp) is the indirect parent corporation of Northwest Airlines, Inc. (Northwest), which is engaged in the business of transporting passengers and cargo. Its assets include domestic hubs at Detroit, Minneapolis/St. Paul and Memphis; an extensive Pacific route system with a hub in Tokyo; a trans-Atlantic alliance with KLM Royal Dutch Airlines (KLM) that operates through a hub in Amsterdam; a domestic and international alliance with Continental Airlines, Inc. and Delta Air Lines, Inc.; membership in SkyTeam; marketing agreements with two domestic regional carriers, Pinnacle Airlines, Inc. and Mesaba Aviation, Inc., and a cargo business that operates 12 freighter aircraft through hubs in Anchorage and Tokyo. NWA Corp also provides other travel-related services through its Frequent Flyer Program and interests in MLT Inc. and Orbitz Inc.

Financial Summary
NWAC is engaged in the domestic and international transport of passengers and cargo through its global airline network. For the 6 months ended 6/30/05, revenues increased 9% to $6B. Net loss applicable to Common increased 70% to $702M. Revenues reflect higher passenger revenue and increase in regional carrier revenue. Higher loss was offset by increase in aircraft fuel & taxes and higher regional carrier expense.