World Air Holdings, parent of World Airways and North American Airlines, last week said it posted a $5.9 million net profit in the third quarter ended Sept. 30, up 8.5% from the $5.5 million earned in the year-ago period. Its operating income of $8.2 million was a 20.2% decline from the year-ago quarter's but higher than the $6-$8 million forecast in November when it announced the delay in its third-quarter report (ATWOnline, Nov. 22, 2006). Revenues rose 6.4% to $231 million and expenses ...

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