Exhibit 99.1

World Fuel Services Corporation Reports Record Full Year Net Income

- Full Year Net Income Increases 32% Year-over-Year –

- Record Revenue, Gross Profit, Earnings Per Share and Volume for 2011 –

MIAMI--(BUSINESS WIRE)--February 23, 2012--World Fuel Services Corporation (NYSE: INT), a leading global fuel logistics company, principally engaged in the marketing, sale and distribution of aviation, marine and land fuel products and related services, today reported full year net income of $194.0 million or $2.71 diluted earnings per share compared to $146.9 million or $2.31 diluted earnings per share in 2010. Non-GAAP net income and diluted earnings per share for the full year, which exclude share-based compensation and amortization of acquired intangible assets, were $221.1 million and $3.09, respectively, compared to $160.7 million or $2.53 in 2010.

For the fourth quarter, net income was $50.1 million or $0.70 diluted earnings per share compared to $39.4 million or $0.56 diluted earnings per share in the fourth quarter of 2010. Non-GAAP net income and diluted earnings per share for the fourth quarter, were $57.4 million and $0.81, respectively, compared to $44.1 million or $0.63 in the fourth quarter of 2010.

“2011 was a year of achievements as we posted records in revenue, gross profit, net income, earnings per share and volume,” stated Michael J. Kasbar, president and chief executive officer of World Fuel Services Corporation. “As we move into 2012, we will work to continue to fortify our success through growth, diversification, and differentiation.”

The company’s marine segment generated gross profit of $54.2 million, an increase of approximately $4.1 million or 8% sequentially and $12.6 million or 30% year-over-year. Our aviation segment generated gross profit of $70.0 million in the fourth quarter of 2011, a decrease of $14.0 million or 17% sequentially, but an increase of $12.0 million or 21% year-over-year. The company’s land segment posted gross profit of $38.1 million, an increase of $1.3 million or 4% sequentially and $14.1 million or 59% year-over-year.

“In 2011, we delivered another year of record earnings, successfully completed and integrated two strategic acquisitions and further strengthened our liquidity profile,” said Ira M. Birns, executive vice president and chief financial officer. “We continued to provide exceptional value to our customers and suppliers, while delivering above-average returns to our shareholders.”

Non-GAAP Financial Measures

This press release includes selected financial information that has not been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). This information includes non-GAAP net income and non-GAAP diluted earnings per share. The non-GAAP financial measures exclude costs associated with share-based compensation and amortization of acquired intangible assets, primarily because we do not believe they are reflective of the company’s core operating results. We believe that these non-GAAP financial measures, when considered in conjunction with our financial information prepared in accordance with GAAP, are useful for investors to evaluate our core operating results and trends.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In addition, our presentation of non-GAAP net income and non-GAAP diluted earnings per share may not be comparable to the presentation of such metrics by other companies. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measure. A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release.

Information Relating to Forward-Looking Statements

With the exception of historical information in this news release, this document includes forward-looking statements that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the creditworthiness of customers and counterparties and our ability to collect accounts receivable, fluctuations in world oil prices or foreign currency, changes in political, economic, regulatory, or environmental conditions, adverse conditions in the markets or industries in which we or our customers operate, our failure to effectively hedge certain financial risks associated with the use of derivatives, non-performance by counterparties or customers on derivatives contracts, the integration of acquired businesses, uninsured losses, our ability to retain and attract senior management and other key employees and other risks detailed from time to time in the company’s Securities and Exchange Commission filings. Actual results may differ materially from any forward-looking statements set forth herein.

About World Fuel Services Corporation

Headquartered in Miami, Florida, World Fuel Services is a leading global fuel logistics company, principally engaged in the marketing, sale and distribution of aviation, marine and land fuel products and related services on a worldwide basis. World Fuel Services sells fuel and delivers services to its clients at more than 6,000 locations in 200 countries and territories worldwide.

The company's global team of market makers provides deep domain expertise in all aspects of aviation, marine and land fuel management. Aviation customers include commercial airlines, cargo carriers, private aircraft and fixed base operators (FBO’s), as well as the United States and foreign governments. World Fuel Services' marine customers include international container and tanker fleets, cruise lines and time-charter operators, as well as the United States and foreign governments. Land customers include petroleum distributors, retail petroleum operators, and industrial, commercial and government accounts. For more information, call 305-428-8000 or visit www.wfscorp.com.

CONTACT:
World Fuel Services Corporation
Ira M. Birns, 305-428-8000
Executive Vice President & Chief Financial Officer
or
Francis X. Shea, 305-428-8000
Executive Vice President & Chief Risk and Administrative Officer