Faltering Northwest Airlines posts loss

Northwest Airlines Corp. says it lost $377 million (U.S.) in the second quarter because of a large accounting charge and soaring fuel expenses.

The loss came to $1.43 per share on revenue of $3.58 billion, Northwest said yesterday.

During the same period last year, when Northwest emerged from bankruptcy protection, profit stood at $2.15 billion, including $1.94 billion in bankruptcy items.