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NWA mulls fate of cargo business
MINNEAPOLIS, Dec 4 (WorldACD) - Northwest Airlines Corp. is considering what to do with its cargo business after it loses its largest customer, DHL Express, next year.
Northwest's fleet of 747 freighters makes it the only U.S. carrier with dedicated cargo aircraft. Chief Financial Officer Dave Davis told analysts on Tuesday that Northwest's flying for DHL will end late next year.
"It's fairly significant. DHL was our largest cargo customer," he said.
Davis said Northwest may have to shrink the cargo business, which was lagging even without the loss of DHL.
He said selling the business is unlikely to be an option because it relies on Northwest's freedom to fly to additional destinations from its Tokyo hub. That freedom, which only Northwest and United have among U.S. carriers, can't be divided between Northwest and a spun-off cargo operation, he said.
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