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Mtvvv Christmas anb a l^appp Jteto gear
SPANISH SECTION IN THIS ISSUE . . .Page 8
CLIPPER
PAN AM'S FACILITIES IN GUA TERMINAL . . . Pages 4-5
LATIN AMERICAN
DIVISION
VOL. XIX, No. 5
MIAMI, FLORIDA, DECEMBER 1962
621212
UF Drive at Pan American Sets Record
LAD Shows Improvement In Finances
Losses Are Cut 94 Per Cent In 2-Year Period
The Latin American Division’s financial position has improved 94 per cent during the last two years from a peak loss in 1960, Division Manager William F. Raven told members of the Miami Pan American Management Club at its November meeting.
“Our present route structure and frequencies are capable of putting the Division in the black, and now all we have to do is to fill a certain percentage of the empty seats on the key routes,” he said, adding that the sales department has done an excellent job and met their quotas for each of the preceeding two years.
Loss Cut Substantial
Raven pointed out that gross
passenger sales in 1960 were $52,000,000; in 1961, $58,000,000 and through September 1962, $48,000,000 which is $4,000,000 over 1961 for the same period. Gross revenues in 1960 were $101,500,000; in 1961, $109,700,000 and through September 1962, $92,700,000, a 14 per cent increase over the same period last year. In 1960 the Division lost. $11,214,000. This year at the end of September the loss has been cut to $695,000. Because of unforseen developments in the Caribbean, forecasts indicate the loss for 1962 may be as high as $2,500,000.
The Caribbean situation, brought about adverse effects, Raven said, because of the cancellation of many reservations to the area, with considerable loss of revenue. At the same time monthly operating costs increased approximately $200,000 because of the necessity to re-route flights around the trouble zone.
Describes Competition
Raven cited the fact that in 1945 only 9 airlines operated in Latin American while today there are nearly 70 carriers competing for the business.
“In the Caribbean there is an almost unbelievable number of foreign airlines criss-crossing in every direction,” he said.
With Independence, Trinidad purchased BWIA, and Jamaica now aspires to have a similar national airline with operating rights on an equal basis to the U.S. and beyond to London. The Jamaican government recently issued invitations> to four or five of the major foreign international carrier^, including PAA, to submit proposals to operate a national airline in which the Jamaican Government would participate.
Western Sector
In the Western Sector, Panama and the Central American countries Continued on Page 7
Pan Am Commended By Navy Secretary
Pan American has been cited by the Secretary of the Navy for the Company’s support of the Navy’s reserve program.
A Certificate of Appreciation signed by Fred Korth, secretary of the navy, has been presented to the Company “for the patriotic support and public spirited cooperation displayed in the release for active duty in the Naval Reserve of your valuable personnel.”
J Christmas Greetings 1
f From The Vice President |
A s we reach the climax of the Christmas season, it seems fitting $ -C*- that we pause momentarily in our merry making to take stock « of the many things for which we can be thankful. P
We have come through a period of tensions and uncertainties without panic or serious dis- ft turbances to our business and personal lives, w The peoples of the Americas are more united $ than ever before. Our Company, as a whole, has ft t progressed in spite of adversities on many sides. ^
|| Our team of employes is pulling together as
never before. ft
Because of these things we face the New Year « with renewed confidence that the coming 12 p ! months will bring us to a closer friendship with ^ all our good neighbors and a broader understand- « ing of the great message of the First Christmas, p With this in mind, I wish you all a Merry Christmas and a ^ Happy New Year. «4
MORRISON
Group, Excursion Fares Extended
New IA TA Rate Agreements To Aid Passenger Revenues
New Fare agreements reached by members of the International Air Transport Association (IATA) will help achieve continued rising passenger revenues for Pan American, according to Willis G. Lipscomb, Vice President Traffic and
Sales.
Lipscomb pointed especially to increased emphasis on group fares and seasonal excursion fares as a valuable source of traffic which will receive strong sales support in all components.
Group fares have been extended to most parts of the world and excursion fares will be available for longer periods of time. The agreements, effective April 1, will mean that Round The World travel will be possible for the first time in groups of 15 or more at individual fares of less than $1,000, a saving of 30 per cent below regular Economy fares.
Groups to Caribbean
Also, groups of 25 or more will be able to visit the Caribbean and Bermuda from the United States at reductions of up to 25 per cent. Group fares will be introduced across the Pacific on a seasonal basis and tour fares will save travelers from Australia and New Zealand 22 per cent on trips to other parts of the Far East and Asia.
Group fare savings will also be possible in the Middle East and Africa and groups flying between Europe and India will save 36 per cent, compared with 22 per cent previously.
In addition, groups need no longer be ticketed and make payment 30 days prior to departure. A 10 per cent deposit will now be accepted and full payment and ticketing will be made 21 days prior to departure.
Excursion Fares Extended
The availability of excursion fares for Fall and Winter, 1963, will be extended. Travel may be made between October 1 and April 30, an increase of 30 days, and the duration of travel time will be extended from the present 17 days to 21 days. Additional members of the same family traveling together will achieve savings of $150 on economy class tickets and $300 on first class tickets, with only one member of the family traveling at full fare.
Stopover priveleges will be unchanged.
The cargo rate structure developed at the IATA traffic conference is also expected to enhance the ability of Pan Am to attract freight in large volume.
The new transatlantic commodity rates in many cases involve reductions from 10 to 30 per cent.
Both the new fares and cargo rates are subject to government approval.
Fast Work Puts Grounded Planes Back in Service
Speedy operations by cobus crews and fast footwork by ground personnel helped in getting grounded aircraft back into the air in record time November 30.
It started with a DC-6B cobus landing in Miami from Mexico with a failed DC-8 jet engine aboard. Within two hours and 45 minutes the DC-8 engine was unloaded and two engines — a Boeing 707-121 jet engine and a DC-4 piston engine — were loaded and airborne for Puerto Rico with an emergency repair crew and tools.
Revenue Up; Also Expense
Pan American World Airways total operating revenues for the third quarter of 1962 were $151,118, 000, compared to $140,795,000 in the corresponding period of the preceding year, according to the income statement mailed to stockholders.
Passenger revenues amounted to $115,897,000 up from $105,693,000 reported in the same period of 1961. Freight revenues were $12,143,000, in comparison to $12,121,000 last year.
Operating expenses increased 6 per cent.
Net income after taxes was $10,-
027.000 compared to $11,337,000 in the third quarter of 1961. Net income per share for the third quarter of 1962 was $1.50 on 6,695,132 shares outstanding, compared to $1.71 on 6,644, 064 shares outstanding in 1961.
Net income for the nine months ended September 30, 1962, was $9,-
271.000 or $1.38 per share, compared to $8,749,000 or $1.32 for the same period of 1961.
CORPORATE CHECK for $8,000, Pan American's gift to the Dade County United Fund campaign, is presented by Executive Vice President Wilbur L. Morrison to John B. Turner, chairman of the board of UF and president of the Miami-Dade Chamber of Commerce. Participating behind them on the ladder were employees who helped solicit funds. Left to right, up, Capt. James H. Tullos; William Johnson, traffic supervisor; Stewardess Sue Johnson, “Miss UF Torch''; Joseph L. Ffunt, flight engineer,- Wilburn Kendrick, mechanic; Roy Stevens, porter.
Employes
Subscribe
$73,877.20
Corporate Gift Boosts Total to New High Mark
Pan American and its employes in Miami have set an all-time record for gifts and pledges to the Dade County United Fund.
A total of $73,877.20 was subscribed by employes.
A corporate gift of $8,000 by Pan Am raised the total to $81,877.20.
Employes gifts this year were $15,582.67 more than gifts and pledges last year, the total for 1961-1962 being $58,294.53. The increase was a rousing 26.7 per cent.
Of the 4,322 employes of Pan Am in Miami, 2,828 contributed, an increase of 5.2 per cent over the previous year. The per centage of employes giving to the Fund was 65.4 for 1963.
1,524 Give Fair Share
Continuing Fair Share givers now total 1,524. Of these 624 were signed up during this campaign with 900 having been carried over to 1963 from the 1961-62 drive. Fair Share givers for 1963 only total 207.
The United Fund helps support 39 health, welfare and character building agencies in Dade County.
Executive Vice President Wilbur L. Morrison, in charge of the Latin American Division, is a member of
PRIZE WINNERS ON PAGE 3
the UF Board of Trustees and chairman of the Transportation Division.
The in-plant drive at Pan Am, hailed as the most successful in the history of the United Fund here, was conducted under the general chairmanship of Division Manager William F. Raven.
Successful Drive
Heading up the co-ordinating committee for the Pan American solicitation was Robert Bush. He was assisted by Don M. Barrett. Other members of the committee were A. J. Lea Hume, Frank L. Foster, Richard P. Howell and Richard J. Wills.
Ten groups conducted the fast-moving three-day drive. They were Management, headed by M. E. Ratts and R. K. Hart; BRC union, headed by V. E. Yetts and J. Branchaud; Transport Workers Union, headed by C. V. Fisher and B. Redford; Airline Pilots’ Association, headed by M. R. Harnden and Jim Tullos; IBT Union, headed by D. Inge and J. H. Pressley; Flight Engineers International Association, headed by A. E. Roberts and R. W. Payne; Flight Service group, headed M. Varela and Joe Linnares; Dispatchers’ group, headed by G. Jean; Credit Union group, headed by A. Whittington; and the District Sales Office group, headed by W. Lane and J. Stewart.
At the conclusion of the in-plant solicitation, a check for Pan Am’s corporate gift and enfployes’ gifts and pledges were turned over to John B. Turner, chairman of the UF board and president of the Miami-Dade Chamber of Commerce, by Vice President Morrison at a ceremony at Miami International Airport.
LNSÜ54 I, Acci, Coy n Felder %J
Object Description
Description
| Title | Page 1 |
| Object ID | asm0341002937 |
| Digital ID | asm03410029370001001 |
| Full Text | Mtvvv Christmas anb a l^appp Jteto gear SPANISH SECTION IN THIS ISSUE . . .Page 8 CLIPPER PAN AM'S FACILITIES IN GUA TERMINAL . . . Pages 4-5 LATIN AMERICAN DIVISION VOL. XIX, No. 5 MIAMI, FLORIDA, DECEMBER 1962 621212 UF Drive at Pan American Sets Record LAD Shows Improvement In Finances Losses Are Cut 94 Per Cent In 2-Year Period The Latin American Division’s financial position has improved 94 per cent during the last two years from a peak loss in 1960, Division Manager William F. Raven told members of the Miami Pan American Management Club at its November meeting. “Our present route structure and frequencies are capable of putting the Division in the black, and now all we have to do is to fill a certain percentage of the empty seats on the key routes,” he said, adding that the sales department has done an excellent job and met their quotas for each of the preceeding two years. Loss Cut Substantial Raven pointed out that gross passenger sales in 1960 were $52,000,000; in 1961, $58,000,000 and through September 1962, $48,000,000 which is $4,000,000 over 1961 for the same period. Gross revenues in 1960 were $101,500,000; in 1961, $109,700,000 and through September 1962, $92,700,000, a 14 per cent increase over the same period last year. In 1960 the Division lost. $11,214,000. This year at the end of September the loss has been cut to $695,000. Because of unforseen developments in the Caribbean, forecasts indicate the loss for 1962 may be as high as $2,500,000. The Caribbean situation, brought about adverse effects, Raven said, because of the cancellation of many reservations to the area, with considerable loss of revenue. At the same time monthly operating costs increased approximately $200,000 because of the necessity to re-route flights around the trouble zone. Describes Competition Raven cited the fact that in 1945 only 9 airlines operated in Latin American while today there are nearly 70 carriers competing for the business. “In the Caribbean there is an almost unbelievable number of foreign airlines criss-crossing in every direction,” he said. With Independence, Trinidad purchased BWIA, and Jamaica now aspires to have a similar national airline with operating rights on an equal basis to the U.S. and beyond to London. The Jamaican government recently issued invitations> to four or five of the major foreign international carrier^, including PAA, to submit proposals to operate a national airline in which the Jamaican Government would participate. Western Sector In the Western Sector, Panama and the Central American countries Continued on Page 7 Pan Am Commended By Navy Secretary Pan American has been cited by the Secretary of the Navy for the Company’s support of the Navy’s reserve program. A Certificate of Appreciation signed by Fred Korth, secretary of the navy, has been presented to the Company “for the patriotic support and public spirited cooperation displayed in the release for active duty in the Naval Reserve of your valuable personnel.” J Christmas Greetings 1 f From The Vice President | A s we reach the climax of the Christmas season, it seems fitting $ -C*- that we pause momentarily in our merry making to take stock « of the many things for which we can be thankful. P We have come through a period of tensions and uncertainties without panic or serious dis- ft turbances to our business and personal lives, w The peoples of the Americas are more united $ than ever before. Our Company, as a whole, has ft t progressed in spite of adversities on many sides. ^ || Our team of employes is pulling together as never before. ft Because of these things we face the New Year « with renewed confidence that the coming 12 p ! months will bring us to a closer friendship with ^ all our good neighbors and a broader understand- « ing of the great message of the First Christmas, p With this in mind, I wish you all a Merry Christmas and a ^ Happy New Year. «4 MORRISON Group, Excursion Fares Extended New IA TA Rate Agreements To Aid Passenger Revenues New Fare agreements reached by members of the International Air Transport Association (IATA) will help achieve continued rising passenger revenues for Pan American, according to Willis G. Lipscomb, Vice President Traffic and Sales. Lipscomb pointed especially to increased emphasis on group fares and seasonal excursion fares as a valuable source of traffic which will receive strong sales support in all components. Group fares have been extended to most parts of the world and excursion fares will be available for longer periods of time. The agreements, effective April 1, will mean that Round The World travel will be possible for the first time in groups of 15 or more at individual fares of less than $1,000, a saving of 30 per cent below regular Economy fares. Groups to Caribbean Also, groups of 25 or more will be able to visit the Caribbean and Bermuda from the United States at reductions of up to 25 per cent. Group fares will be introduced across the Pacific on a seasonal basis and tour fares will save travelers from Australia and New Zealand 22 per cent on trips to other parts of the Far East and Asia. Group fare savings will also be possible in the Middle East and Africa and groups flying between Europe and India will save 36 per cent, compared with 22 per cent previously. In addition, groups need no longer be ticketed and make payment 30 days prior to departure. A 10 per cent deposit will now be accepted and full payment and ticketing will be made 21 days prior to departure. Excursion Fares Extended The availability of excursion fares for Fall and Winter, 1963, will be extended. Travel may be made between October 1 and April 30, an increase of 30 days, and the duration of travel time will be extended from the present 17 days to 21 days. Additional members of the same family traveling together will achieve savings of $150 on economy class tickets and $300 on first class tickets, with only one member of the family traveling at full fare. Stopover priveleges will be unchanged. The cargo rate structure developed at the IATA traffic conference is also expected to enhance the ability of Pan Am to attract freight in large volume. The new transatlantic commodity rates in many cases involve reductions from 10 to 30 per cent. Both the new fares and cargo rates are subject to government approval. Fast Work Puts Grounded Planes Back in Service Speedy operations by cobus crews and fast footwork by ground personnel helped in getting grounded aircraft back into the air in record time November 30. It started with a DC-6B cobus landing in Miami from Mexico with a failed DC-8 jet engine aboard. Within two hours and 45 minutes the DC-8 engine was unloaded and two engines — a Boeing 707-121 jet engine and a DC-4 piston engine — were loaded and airborne for Puerto Rico with an emergency repair crew and tools. Revenue Up; Also Expense Pan American World Airways total operating revenues for the third quarter of 1962 were $151,118, 000, compared to $140,795,000 in the corresponding period of the preceding year, according to the income statement mailed to stockholders. Passenger revenues amounted to $115,897,000 up from $105,693,000 reported in the same period of 1961. Freight revenues were $12,143,000, in comparison to $12,121,000 last year. Operating expenses increased 6 per cent. Net income after taxes was $10,- 027.000 compared to $11,337,000 in the third quarter of 1961. Net income per share for the third quarter of 1962 was $1.50 on 6,695,132 shares outstanding, compared to $1.71 on 6,644, 064 shares outstanding in 1961. Net income for the nine months ended September 30, 1962, was $9,- 271.000 or $1.38 per share, compared to $8,749,000 or $1.32 for the same period of 1961. CORPORATE CHECK for $8,000, Pan American's gift to the Dade County United Fund campaign, is presented by Executive Vice President Wilbur L. Morrison to John B. Turner, chairman of the board of UF and president of the Miami-Dade Chamber of Commerce. Participating behind them on the ladder were employees who helped solicit funds. Left to right, up, Capt. James H. Tullos; William Johnson, traffic supervisor; Stewardess Sue Johnson, “Miss UF Torch''; Joseph L. Ffunt, flight engineer,- Wilburn Kendrick, mechanic; Roy Stevens, porter. Employes Subscribe $73,877.20 Corporate Gift Boosts Total to New High Mark Pan American and its employes in Miami have set an all-time record for gifts and pledges to the Dade County United Fund. A total of $73,877.20 was subscribed by employes. A corporate gift of $8,000 by Pan Am raised the total to $81,877.20. Employes gifts this year were $15,582.67 more than gifts and pledges last year, the total for 1961-1962 being $58,294.53. The increase was a rousing 26.7 per cent. Of the 4,322 employes of Pan Am in Miami, 2,828 contributed, an increase of 5.2 per cent over the previous year. The per centage of employes giving to the Fund was 65.4 for 1963. 1,524 Give Fair Share Continuing Fair Share givers now total 1,524. Of these 624 were signed up during this campaign with 900 having been carried over to 1963 from the 1961-62 drive. Fair Share givers for 1963 only total 207. The United Fund helps support 39 health, welfare and character building agencies in Dade County. Executive Vice President Wilbur L. Morrison, in charge of the Latin American Division, is a member of PRIZE WINNERS ON PAGE 3 the UF Board of Trustees and chairman of the Transportation Division. The in-plant drive at Pan Am, hailed as the most successful in the history of the United Fund here, was conducted under the general chairmanship of Division Manager William F. Raven. Successful Drive Heading up the co-ordinating committee for the Pan American solicitation was Robert Bush. He was assisted by Don M. Barrett. Other members of the committee were A. J. Lea Hume, Frank L. Foster, Richard P. Howell and Richard J. Wills. Ten groups conducted the fast-moving three-day drive. They were Management, headed by M. E. Ratts and R. K. Hart; BRC union, headed by V. E. Yetts and J. Branchaud; Transport Workers Union, headed by C. V. Fisher and B. Redford; Airline Pilots’ Association, headed by M. R. Harnden and Jim Tullos; IBT Union, headed by D. Inge and J. H. Pressley; Flight Engineers International Association, headed by A. E. Roberts and R. W. Payne; Flight Service group, headed M. Varela and Joe Linnares; Dispatchers’ group, headed by G. Jean; Credit Union group, headed by A. Whittington; and the District Sales Office group, headed by W. Lane and J. Stewart. At the conclusion of the in-plant solicitation, a check for Pan Am’s corporate gift and enfployes’ gifts and pledges were turned over to John B. Turner, chairman of the UF board and president of the Miami-Dade Chamber of Commerce, by Vice President Morrison at a ceremony at Miami International Airport. LNSÜ54 I, Acci, Coy n Felder %J |
| Archive | asm03410029370001001.tif |
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