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WORLD AIRWAYS REPORTS RECORD AIRCRAFT UTILIZATION

 WORLD AIRWAYS REPORTS RECORD AIRCRAFT UTILIZATION
 HERNDON, Va., June 3 /PRNewswire/ -- WorldCorp (NYSE: WOA) announced


today that its World Airways subsidiary reported record daily aircraft utilization for the month of May 1992 of 12.8 hours per day. Daily utilization represents the average number of hours flown per day for each aircraft. Total block hours flown increased 57 percent to 3,550 compared to 2,256 in May 1991. The record level of utilization was achieved while the airline demonstrated a level of 99 percent on-time performance for the month. The high level of block hours flown, record utilization and on-time performance were reported during peak demand requirements for World Airways' commercial passenger operations. World Airways is currently operating nine DC10-30 aircraft, two of which are on short-term leases to support peak flying requirements.
 Commenting on the news, Chief Executive Officer and President, T. Coleman Andrews, III said, "The record daily utilization and dramatic increase in block hours flown are extremely gratifying in the face of a difficult industry environment. The 99 percent on-time performance demonstrates World Airways' commitment to superior customer service and compares favorably to industry on-time performance data."
 Additionally, WorldCorp reported aircraft flying levels for KeyAir during the month of May 1992. KeyAir's block hours flown totaled 1,315 for the month compared to 743 a year ago. Average daily utilization for KeyAir's 727 operations increased to 4.7 hours from 2.4 hours.
 WorldCorp operates in two business areas: air transportation and transaction processing. WorldCorp's air transportation subsidiaries, World Airways and KeyAir, are leading worldwide providers of air transportation for commercial and government customers. WorldCorp's transaction processing business consists of its 45 percent ownership in US Order, a company that has developed patented automated ordering services including grocery, mail order catalog and banking services from the home as well as commercial ordering applications.
 WORLD AIRWAYS UTILIZATION
 May 1992 May 1991
 Total Block hours (BH) DC10 Operations 3,550 2,256
 Average BH/day 12.8 9.1
 Available aircraft 9.0 8.0
 KEY AIRLINES UTILIZATION
 May 1992 May 1991
 Total Block hours (BH) 727 Operations 1,315 743
 Average BH/day 4.7 2.4
 Available aircraft 9.0 10.0
 -0- 6/3/92
 /CONTACT: A. Scott Andrews, chief financial officer of WorldCorp., 703-834-9291/
 (WOA) CO: WorldCorp, Inc. ST: Virginia IN: AIR SU:


TQ-TS -- NY007 -- 6495 06/03/92 08:54 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 3, 1992
Words:398
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