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Bankrupt airline, Northwest, on Friday posted an $88 million net loss for the month of May and ended the period with $1.4 billion in unrestricted cash, cash equivalents and short-term investments, the carrier said.
In an update of its finances required by the bankruptcy court on a monthly basis, Northwest also said it paid $312 million for fuel and $230 million in labor-related costs.
Northwest reported an operating profit of $72 million but recorded an $88 million net loss after factoring in interest expense, restructuring liabilities, and other costs.
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