Air Transport World

World Airways. (News Briefs: North America Report).(1st-quarter earnings)(Brief Article)

World Airways had net income of $6.6 million in the first quarter, up 34.2% over net income of $4.9 million a year-ago. Operating revenues rose 40.4% to $123.6 million, owing principally to an increase in military passenger and cargo business related to the Iraq war. Operating expenses climbed 41.8% and operating income improved 22. …

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