One-time noncash gains related to its emergence from bankruptcy in May propelled Northwest Airlines to a net profit of $2.15 billion for the second quarter ended June 30, significantly reversed from a net loss of $285 million in the year-ago period when it was operating under Chapter 11 protection. Excluding reorganization items, NWA reported a pre-tax profit for the period of $273 million, up 52.5% compared to earnings of $179 million on a similar basis in the year-ago period. President ...

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