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FRA2DTW
Topic Author
Posts: 236
Joined: Wed Feb 11, 2004 6:51 am

World Airways Stock Going Wild!

Tue Feb 01, 2005 2:58 am

What's going on here? Anybody know? Perhaps getting China cargo route authority? Other contracts pending?
 
latinaviation
Posts: 1162
Joined: Tue Nov 04, 2003 11:25 pm

RE: World Airways Stock Going Wild!

Tue Feb 01, 2005 3:05 am

It's trading near its 52 week high, but nothing big going on from what I can see. Check out Yahoo's recent activity on it:
http://finance.yahoo.com/q?s=WLDA&d=t

Only big news that's come out of last week is the contract extension with Sonair of Angola.

 
Clipper002
Posts: 664
Joined: Wed Aug 11, 2004 4:24 am

RE: World Airways Stock Going Wild!

Tue Feb 01, 2005 3:19 am

Thats day traders trying to makea a buck or two.

Ed
 
INTENSS
Posts: 310
Joined: Mon Aug 30, 2004 9:25 am

RE: World Airways Stock Going Wild!

Tue Feb 01, 2005 3:35 am

The result of day traders making a buck would be a reduction in stock price due to their selling off from their profits made. This increased stock price is most likely due to the multitude of contracts signed in the last few weeks.

We've seen a steady rise in the stock the past few months. This is a culmination of big contracts and continued positive balance sheets. Not the result of day traders.

-Rich
 
wjcandee
Posts: 10675
Joined: Mon Jun 05, 2000 12:50 am

RE: World Airways Stock Going Wild!

Tue Feb 01, 2005 1:30 pm

World still is quite dependent on military revenue, but their previous Chairman, Hollis Harris, embarked several years ago (against many naysayers) to try to diversify their primarily-passenger business more into cargo. Today, these guys can be proud to have 3 MD11s committed on a two-year ACMI contract for Eva freight (2 of which have yet to arrive on property), 2 DC10s committed to Menlo freight (now a UPS subsidiary) for another year, and 2 other MD11s to handle two significant cargo contracts for Lufthansa and China Airlines, as well as some stuff like a weekly China cargo flight for Menlo. These are all first-rate, blue-chip clients who can pay. That's 7 of 18 a/c fully-committed to solid non-military clients, which brings a lot more balance to their present operation. On the pax side, there is one MD11 (Sonair) reasonably-well-occupied with yet another year of service to a subsidiary of Angola's national oil company, presumably a company that can pay its bills. That leaves 10 a/c for commercial and military pax charter, which appear presently to be pretty busy. How long that volume of military passenger business can be maintained is certainly uncertain, but it should generate profitable performance (especially since the military insulates its carriers against fuel price increases) in the near-term, and for that I'm sure the folks who stayed committed when things weren't nearly so flush should be very happy and proud.

(BTW, I'd love to see the interior of the Sonair a/c, which makes 3 round-trips per week on a 14-hour haul from IAH-Angola, presently outfitted with 12 lie-flat F/C seats, 78 biz-class and 23 "super-economy" seats. That's 113 seats on an a/c that's certified for 410.  Wow! I suspect it probably looks pretty swanky.)

All the best,

Bill

 
A340Spotter
Posts: 1743
Joined: Tue Jul 29, 2003 9:52 am

RE: World Airways Stock Going Wild!

Wed Feb 02, 2005 6:23 pm

Bill,

I think Ed can confirm this, but the "Super Economy" seats should probably read 123 not 23. Still a nice and comfortable plane for the ride to Africa.
I'll see what I can do about the interior shots some day out at IAH...

Jeffrey
 
Clipper002
Posts: 664
Joined: Wed Aug 11, 2004 4:24 am

RE: World Airways Stock Going Wild!

Wed Feb 02, 2005 10:51 pm

Jeffrey,
You're correct. The config is 12/78/23 for a total of 113 seats on an MD-11.

Rgds,
Ed
 
wjcandee
Posts: 10675
Joined: Mon Jun 05, 2000 12:50 am

RE: World Airways Stock Going Wild!

Wed Feb 02, 2005 11:59 pm

Thanks, Jeffrey for looking for some interior shots, although I'm not sure from Ed's response exactly what you'll find inside!

All the best,

Bill
 
wjcandee
Posts: 10675
Joined: Mon Jun 05, 2000 12:50 am

RE: World Airways Stock Going Wild!

Thu Feb 03, 2005 12:07 am

Jeffrey: More from a Flyertalk passenger who flew on the plane: "...mostly business class seats. There were only three rows of economy class at the back of the aircraft, and those seats looked like old business class seats."

So maybe it is 23.

All the best,

Bill
 
WF2BNN
Posts: 77
Joined: Fri Dec 17, 2004 8:33 am

RE: World Airways Stock Going Wild!

Thu Feb 03, 2005 12:07 am

There is one cabin photo of the Sonair MD-11 in the database, does only show a few of the business class seats.
Lot's of leg room!


View Large View Medium
Click here for bigger photo!

Photo © Peter Brooks



I hope more will come.

Mats
 
Clipper002
Posts: 664
Joined: Wed Aug 11, 2004 4:24 am

RE: World Airways Stock Going Wild!

Thu Feb 03, 2005 12:44 am

Bill,
The 12 seats in the A zone are full sleeper seats each with its' own low compartment. The next 78 seats are oversized business class seats with a huge pitch. The last are domestic business class seats.

Rgds,
Ed
 
ATLhomeCMH
Posts: 751
Joined: Fri Dec 19, 2003 3:25 am

RE: World Airways Stock Going Wild!

Thu Feb 03, 2005 2:41 am

Good for World Airways. They're a great airline. They deserve all the economic benefits they reap.

They brought me home from Iraq, safe, sound and with smiles on their faces after dealing with a plane load of drunken Marines for 20 hours.  Smile

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