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Northwest reduces first-quarter loss ex-bankruptcy costs
Bankruptcy-related charges totaling $975 million propelled Northwest Airlines to a net loss of $1.1 billion for the first quarter of 2006 from a loss of $537 million in the year-ago period.
NWA filed for Chapter 11 protection last September. Excluding reorganization and unusual items, the carrier trimmed its first-quarter deficit to $129 million from $450 million in 2005, largely on the strength of improved cost performance.