Pan American air ways, Vol. 8, No. 5, May 1937

              World’s Standard For Air Transpor­ tation

PAN
MAY, 1937

W AYS
SUB-TOTAL: 2,250,000 MILES

Bermuda Service Opens —June!

Volume 8

No. 5

PAN AMERICAN ISSUES NINTH ANNUAL REPORT
P a sse n g e r T r a ffic U p 2 5 % , A ir E x p re ss U p 3 5 % ; O p e r a tio n s R ated 9 9 .8 2 % F o r S e r v ic e O v er 4 0 , 8 6 9 M i. O f A ir w a y s

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FORM ATLANTIC DIVISION; STAFF MEMBERS NAMED
To A d m in is te r T r a n s - O c e a n O p e r a tio n s E x p e c te d to S ta r t S o o n

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TO SPLIT STOCK
S h ow s N e t P r o fit O f $ 9 5 5 ,3 5 2 F or Y e a r 1 9 3 6 ; D iv id e n d s A g g r e g a t e $ 1 .6 0 P e r S h a r e

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J. C. CONE, MANAGER
T e m p o r a r y H e a d q u a r te r s W ill B e E s ta b lis h e d a t P o r t W a sh in g to n

N EW YORK. — D uring a year in which large-scale im ­ provements w ere effected in speeding up schedules over the main in tern atio n al tru n k lines between N orth and South Am­ erica, m arked also by th e in­ troduction of a larg e fleet of new m ulti-engined tra n s p o rt airliners and the establish­ ment, on re g u la r schedules, of through p a s s e n g e r service across th e Pacific between the United S tates, H aw aii and the Philippines, the annual opera­ tions of th e P an A m erican A ir­ ways C orporation fo r 1936 re ­ sulted in a net profit of $955,352.04, according to the 9th annual re p o rt of J. T. T rippe, president, distributed to stock­ holders M ay 10. The gross income fo r P an American A irw ays C orporation and subsidiaries fo r the year a m o u n te d to $10,917,542.77, while op eratin g expenses and other income deductions totaled $9,962,190.73. The balance of earned surplus a t December 31, 1936, a f te r dividends ag ­ g reg ating $1.60 per share, am ounted to $511,407.65. D u r­ ing the y ear 1936 flight equip­ ment and ground facilities costing $3,600,000 w ere ac­ quired while other equipm ent and facilities, costing $900,000, were retire d from service. A t the end of the year th e cor­ poration had o u tstan d in g com­ m itm ents fo r th e purchase of new equipm ent am ounting to $3,500,000. U nder the item of operating expense w as in­ cluded a provision fo r obso­ lescence and depreciation of flight equipm ent am ounting to $800,000, in com parison w ith the $590,000 allotted for this item th e previous year. De­ preciation on the la rg e flyingboats used in th e T ranspacific service w as charged to the item of o p erating expense following in au g uration of scheduled p as­ senger service la s t October. As of December 31, 1936 the route airw ays m ileage of the System and associated com­ panies totaled 40,869 miles. Over th is in te rn atio n a l netContinued on Page 4

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To the sightseers at Pan American's international marine base in Miami it was just another thrilling arrival of a giant of the skies; to the crew it was just another 15,000-mile round trip to Buenos Aires completed on schedule. But in the voluminous Pan Americcn log it was the close of the 150th trip from Miami to the Argentine capital.

TO STUDY ECLIPSE FIVE MILES UP
Pan A m e r ic a n - G r a c e A ir w a y s T o A id S c ie n c e o n S p e c ia l F lig h t

N E W YORK. — A t th e re ­ quest of several scientific or­ ganizations, planning to make the m ost complete record possi­ ble of th e unique to ta l eclipse of the sun, which occured on Ju n e 8, P an A m erican-G race A irw ays, Inc., had scheduled one of th e ir t w i n - e n g i n e d T ran san d ean airlin ers to a level of 28,000 to 30,000 feet fo r the purpose of m aking sci­ entific observations and a clear photographic record of the unique phenom ena, th e first ever to be secured a t th e “edge” of the strato sp h ere, Mr. J. D. M acG regor, V ice-PresiContinued on Page 15

M IA M I.— Sailing in from Buenos A ires on th e afternoon of May 6, th e W est Indies Clip­ per completed two and a q u a r­ te r million miles of flying by P an A m erican Clipper ships between Miami and the A rg en ­ tin a cap ital alone. The ship completed the 150th round trip of 15,000 miles on re g u la r schedules w ith m ail, cargo and passengers. W eekly round trip s to Bue­ nos A ires direct from Miami, via th e W est Indies, the Guian as and Rio, w ere begun by P an A m erican A irw ays th ree years ago. U sing big fo u r-en ­ gined Sikorsky C lippers the service has since th a t tim e stood as th e w orld’s sta n d ard in luxurious long-range a ir tra n sp o rt. These th ro u g h ex­ press schedules are in addition to th e weekly local service be­ tween Miami and Rio.

START BERMUDA ROUTE SURVEYS
P a n A m e r i c a n an d I m p e r i a l A ir w a y s P io n e e r F irst A t la n t ic S e r v ic e

N E W YORK.— W ith all the precision of an operation ten years in th e reh earsal, P an A m erican A irw ays System and th e Im p erial A irw ays la st m onth in itiated a series of s u r­ vey flights of an aerial route between the U nited S tates and B erm uda. So successful and efficiently executed w ere th e crossings, each airw ay an ­ nounced a p assenger and ex­ p ress in a u g u ra l fo r the middle of June. A t 9:37 on th e m orning of M ay 25, th e B erm uda Clipper, la te st addition to P an A m er­ ican ’s fleet of Sikorsky S-42B flyingboats, lifted sw iftly from Continued on Page 2

N E W YORK. — In d icatin g the early s ta r t of ro u te survey flights looking to w ard th e es­ tab lish m en t of T ra n sa tla n tic a ir tra n s p o rt service between A m erica, E ngland and E urope, th e form ulation of an “A t­ lantic D ivision” and th e as­ signm ent of personnel to th a t new o p eratin g u n it from th e Inter-A m erican and T ra n sp a ­ cific divisions of th e P an Am­ erican A irw ays System has been effected b y e x e c u t i v e orders recently issued. The form ation of th e new Division took th e shape larg ely of an assignm ent of titles, since all personnel, w ith the excep­ tion of the A cting Division M anager, have been undergo­ ing special tra in in g courses over the p a st several years to p rep a re them fo r A t l a n t i c operations. The new Division will ad m in ister all flight oper­ ation on the eastern seaboard of the U nited S tates, exclusive of th e Miami term in al of the P an A m erican A irw ays Sys­ tem , and including th e B er­ m uda service being established on full o p eratin g schedules in June. Colonel J. C arroll Cone, form erly A ssistan t D irector of A ir Commerce, U nited S tates D ep artm en t of Commerce, and long an ex p ert on a ir tra n sp o rt operation, has been appointed actin g M anager fo r th e new Division. On his staff Clarence M. Schildhauer, form erly oper­ ations m an ag er of the Pacific Division, will be actin g o p era­ tions m an ag er on th e A tlantic. Mr. E. W. M cV itty who, for th e p a st several years, has been assigned to the Chief E n g in e er’s office, will be acting Division E ngineer. W. T u rn er Jarboe, J r., radio engineer, also from th e Pacific Division, is actin g Com m unications Su­ perintendent. The traffic post has not y et been assigned. The new Division staff will occupy h ead q u arte rs offices a t the te m p o rary A tlan tic service base, a t P o rt W ashington for the tim e being.