North American Airlines bills itself as "America's Greatest Little Airline." Little it certainly is and greatness, like beauty, lies in the eyes of the beholder. But the New York JFK-based carrier, which was acquired by World Air Holdings in late April for $35 million, has been a consistent moneymaker since its first plane took to the skies in 1990. "We've been profitable every single year we've been in business," COO Steve Harfst tells ATW. In 2004 the carrier generated more than $200 ...

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