| Business Summary | | World
Airways,
Inc.
is
a
certificated
air
carrier
in
the
United
States.
Airline
operations
account
for
100%
of
the
Company's
operating
revenue.
World
Airways
provides
long-range
passenger
and
cargo
charter
and
wet
lease
air
transportation,
serving
the
U.S.
Government,
international
passenger
and
cargo
air
carriers,
tour
operators,
international
freight
forwarders
and
cruise
ship
companies.
The
Company
generally
charges
customers
on
a
block
hour
basis
rather
than
on
a
per-seat,
per-pound
or
seat-mile
basis.
In
2000,
the
Company's
principal
customers
were
the
United
States
Air
Force,
P.T.
Garuda
Indonesia
and
Renaissance
Cruises. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WLDA
is
a
U.S.-certified
air
carrier
which
provides
long-range
passenger
and
cargo
charter
air
transportation
services
to
the
U.S.
Government,
international
passenger
and
cargo
carriers
and
tour
operators.
For
the
three
months
ended
3/31/01,
revenues
rose
19%
to
$73.8
million.
Net
loss
before
acct.
change
totaled
$10.1
million,
up
from
$4.2
million.
Revenues
reflect
increased
flying
under
the
contract
with
the
U.S.
Air
Force,
offset
by
increased
staffing
levels. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
76,579;
after
tax
earnings
were
-9,193. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Hollis Harris, 69 Chairman,
CEO | $354K | Andrew Morgan, Jr., 44 Pres,
COO | 225K | Gilberto Duarte, Jr., 56 CFO | 190K | Randy Martinez, 45 CIO | 179K | Cathy Sigalas, 48 Gen.
Counsel, Sec. | 179K | 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
|
|