| Business Summary | | Northwest
Airlines
Corporation
is
a
holding
company
whose
principal
indirect
operating
subsidiary
is
Northwest
Airlines,
Inc.
(Northwest),
which
is
a
major
air
carrier
engaged
principally
in
the
commercial
transportation
of
passengers
and
cargo,
directly
serving
more
than
155
cities
in
24
countries
in
North
America,
Asia
and
Europe.
Northwest's
global
airline
network
includes
domestic
hubs
at
Detroit,
Minneapolis/St.
Paul
and
Memphis,
as
well
as
an
extensive
Pacific
route
system
with
hubs
at
Tokyo
and
Osaka,
a
trans-Atlantic
alliance
with
KLM
Royal
Dutch
Airlines,
which
operates
through
a
hub
in
Amsterdam,
and
a
global
alliance
with
Continental
Airlines,
Inc.
Northwest's
operations
comprise
approximately
95%
of
the
Company's
consolidated
operating
revenues
and
expenses. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Northwest
Airlines
Corp.
is
engaged
in
the
domestic
and
international
transport
of
passengers
and
cargo
through
its
global
airline
network.
For
the
six
months
ended
6/30/01,
revenues
decreased
1%
to
$5.33
billion.
Net
loss
totaled
$226
million
vs.
an
income
of
$118
million.
Revenues
reflect
lower
yields
and
passenger
load
factor.
Net
loss
also
reflects
the
retroactive
wages
and
benefits
related
to
the
AMFA
collective
bargaining
agreement
and
higher
headcount. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary Wilson, 61 Chairman
of Directors | -- | Richard Anderson, 45 CEO | $3.0M | Douglas Steenland, 49 Pres | 2.9M | Mickey Foret, 55 CFO,
Exec. VP | 2.3M | Philip Haan, 44 Exec.
VP-International, Sales and Information Services | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|