Clipper, Vol. 13, No. 5, May 1954

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ATLANTIC DIVISION
Pam Amprìca/v World Ant ways
PPFR
R e ad on four coni in e n t s and f our is I a n d s in bet ween
Volume 13
May, 1954
No. 5
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Strong Finish Puts AD In Top ‘Tip Top’ Spot
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4.23 AGENCIES IN 5 BOROUGHS
Over S10 Million Net Shown
In PAA’s 26th Annual Report
Pan American’s net income for 1953, after provision for $9,110,000 in income taxes, amounted to $10,803,000, compared with a reported net income of $6,673,000 for 1952.
This was equivalent to $1.76 a share on the company’s 6,145,082 shares outstanding, compared with $1.09 per share in 1952.	*	®------1-------—-------
This information was included in the 26th annual report which Was mailed to stockholders and distributed among employees last month.
Revenues At Peak
Excluding the operations of Pan-agra and PAA’s affiliated carriers, gross revenues of the company reached $217,950,000 for 1953, again an all-time high.
Operating revenues exceeded those of 1952 by 6.2 per cent, while operating expenses increased by only 1.5 per cent.
Notwithstanding increased cost of material and labor, costs per available ton-mile were reduced from 45.2 cents to 42.4 cents.
Dividends
During 1953, $3,984,000 (65 cents per share) were paid in dividends, as compared with $3,072,000 (50 cents per share) in the preceding year.
A further dividend pf 20 cents per share was paid on March 10, 1954, marking the 14th consecutive year in which dividend payments have been made by the company.
Capital Expenditures
Last year, according to the report, Pan American made capital expenditures amounting to $26,-150,000. Of this amount, $16,500,-000 was for the purchase of 13 (Continued on Page 12)
Temporary Service Rate Fixed At 67' Per Mail Ton-Mile
The CAB issued an order (E-8276) on April 21, providing a temporary service mail rate of 67 cents per ton mile for the Atlantic Division of PAA.
The order also fixed temporary service rates for Panagra’s entire system, the foreign and overseas routes of Braniff, Delta, Northwest and TWA, and the other divisions of PAA (with the exception of Alaska).
Fifteen days prior to this order the CAB had issued another order (E-2131) directing the named carriers “to show Cause why the board should not fix, determine and publish the temporary service mail rates.”
No notice of objection or answer to the show cause order was filed by any of the named carriers.
The service rate or -67 cents per mail ton-mile, set for PAA’s Atlantic services for transportation of mail between the continental United States and points in Africa, Asia, Bermuda and Europe, and between points within such areas, was the same service rate as the one set for TWA.
Goal Of Over S10,000 Is Set To Aid Greater New York Fund
New York employees are currently being contacted to contribute to the annual campaign of the Greater New York Fund. The fund drive was kicked off oh May 4, with a goal of $10,600. This figure is slightly higher than the $8,158.77 (AD) which was collected in last year’s campaign.
ed in last year’s campaign.	m--------i----
Breaking down the amount of mb
Five Coemps Of Division Share S163
Recent approval of four sug ;estions by the Sugges|ion^Award
CommitteTilKtedatotal of 1>I63 '-/ ^ five empMyees of the Atlantic (/ision.
The highest award, $75, went to Joseph Panciarello, a master mechanic at Idlewild, who suggested that conventional spark plugs in ground aircraft power units be replaced with “Jet” spark plugs manufactured by the Jet Ignition Company.
Labor savings will amount to about $2,000 annually, it was estimated, with the installation of the recommended spark plug. The maximum operating period for the conventional plugs was about 200 hours, compared with 500 hours for the Jet plugs.
An award of $28 was also made to Harold J. Woodbridge, a traffic representative in London, for de-(Continued on Page 12)
the goal, however, it adds up to an average contribution of $4.23 from each of PAA’s New York employees—or a penny apiece for each of the charitable organizations which are supported by the Greater New York Fund.
This is the only fund campaign of the year to which employees are the company to contri-| pun it the jmportance of giving )mmunit\Mr^^hicli^ ■■
work is being stressed to i ployees.
Kits Distributed j By this] time,. £ach"Divisio: ployee at IDL, LGA and LIC has been contacted and has been given a “kit” explaining the campaign.
The kit contained a statement from Vice President Gray concerning the fund drive (also printed in this issue of The Clipper), some Greater New*York Fund literature which explains the importance of the campaign, and a pledge card.
Again this year, to facilitate matters for employees, the pledge card contains a plan for payroll deductions. You may authorize a single deduction, or deductions may (Continued on Page 2)
Permit To Serve Damascus Sought By Pan American
Pan American has applied to the Civil Aeronautics Board for permission to serve Damascus, Syria.
Damascus is approximately 50 miles (in an easterly direction) from Beirut, the city presently served by Pan American in Lebanon.
Although Syria is not included in Pan American’s certificate, it was part of the area assignedoto PAA by the North Atlantic Certificate Case, it was stated in the application.
Flights operated by PAA between .Beirut and Basra virtually overfly Damascus, it was pointed out, and PAA served Damascus from July, 1947, to September, 1950, in accordance with exemption orders »granted by the CAB.
The service, if approved by the CAB, will be provided “with suitable aircraft now owned or to be acquired by Pan American,” it was stated.
Gray Completes 25 Years With Pan Am
As a gift to Vice President Harold E. Gray, upon completion recently of 25 years with Pan American, some of PAA’s first-flight covers (envelopes) were given in the name of “all the personnel of the Atlantic Division.”
In celebration of Vice President Gray’s anniversary, a party was given, attended by company officials and others who had been associated with him during his 25 years with the company.
The first-flight covers given to Mr. Gray reflected a great deal of -the history of Pan American . . . part of the history of the company in which he had participated. The gift was accompanied by the following presentation:
“Reflected in these frayed bits of colored paper is the romantic history of the most intriguing adventure in the world. Tracing the (Continued on Page 12)
"Well Done"
Is Extended By Mukerji
With a strong finish in the final month, the Atlantic Division worked its way from the bottom to the top in Tip Top, to be declared the winner of the contest when the final tabulations were completed recently.
Going into the last month, the Atlantic Division’s chances of winning seemed doubtful, to say the least. At the bottom of the heap with only 345,651 points, and with 262,806 points separating it from the leader, LAD, it seemed impossible for the Division to come out on top—Tip Top.
But it did! A total of 570,884 points was accumulated during the month of March to put the Division ahead of all contenders. The,
dings~are as follows!
.......916,535
LAD ....... 911,716
,	System ....819,405
/	PAD .......765,191
91.3% of Quota
Dhan f Mukerji, Division traffic and sales manager, paid high tribute to the United States personnel (the only ones eligible) who contributed to the Atlantic Division’s success in the contest, pointing out that the six months of Tip Top were during the off-season for Atlantic trips, while the Division’s competitors in the contest had the advantage of on-season travel.
In spite of this disadvantage, however, the Atlantic Division attained 91.6 per cent of its quota of points. (Quotas were based on the number of employees who were eligible to take part.)
LAD, in second place for points, had a quota of 2,000,000 and attained only 40.5 per cent of that total. System employees went over (Continued on Page 12)
In This Issue
Beirut ...................10
Boston .................... 4
Calcutta ...............  10
Copenhagen .............. 11
Dakar.................... 11
Emblem Awards ............11
Flight Personnel........... 3
Frankfurt ................. 9
Hamburg....................  9
Istanbul................. 10
Johannesburg..............11
Karachi ................  10
London .................... 8
New Delhi.................10
New York.................4, 5
Paris ..................... 4
Shannon ................. 11
Stockholm................. 4
Stuttgart .................  9
Training ................6, 7
Vienna .................... 9
Washington ................ 4
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