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Read From California to Calcutta, From Alaska To Australasia
Voi. 9 No. 9
PUBLISHED BY THE EMPLOYEES OF PAN AMERICAN WORLD AIRWAYS
May 14,1953
Annual Report Shows PAA Net Earnings Up in 1952
Leads All Other Carriers in International Transportation
Reported net earnings of Pan American World Airways for the year 1952, after provision of $4,-420,000 for federal income taxes, were $6,673,000 compared to the reported net income of $6,546,000 for 1951. These were the figures just announced by President Juan T. Trippe in the 25th annual report mailed to the company’s stockholders.
Net earnings were equivalent to $1.09 a share on the company’s 6,145,082 shares outstanding, as compared with $1.07 for the previous year.
Gross revenues amounted to $205,243,000 — again an all-time high. Transportation revenues other than United States mail totaled $167,607,000—an increase of nine per cent over 1951.
During the year the company made net capital expenditures of $29,800,000. Final payments were made on 18 new Douglas Super-6 airplanes, as well as initial payments on 27 new Super-6’s (DC-6B’s) and three Douglas cargo Clippers to be delivered in 1953 and 1954.
President Trippe also reported that Pan American again led all other air carriers in transportation of passengers, cargo and mail abroad. He pointed out that 28 per cent of all overseas travel to and from the continental United States, whether moving by sea or by air, is carried on Pan Ameican Clippers.
(Continued on Page 5)
BIG BED MAN
SLIIMI SMVICIS ANI
ir accommodations available as follows:— US
tNS-ATLANTiC: Between New York/Boston and Amsterdam, Banakok, Basra, Beirut, vII!.es' Sis, Calcutta, Delhi, Dusseldorf, Frankfurt, Glasgow, Hong Kona, Istanbul, Karachi, on R I, London, _Nlce, Parls^,Jlanoopn^ Rome. ** “ "
PA117, PA^
This picture was ripped out of page 23 of the current system timetable. We’ve often wondered where our hucksters manage to dig up suitable models for all their stuff. We still don’t KNOW, but last night someone slipped the picture on page eight under our door.
IS THIS YOUR TYPE?
Maybe it’s your type for this issue, but wait ’til you see the May 28th edition of the CLIPPER. Check this same spot in two weeks and meet your type face to face.
Early Announcement of CAA Reorganization is Expected
Extensive reorganization of the CAA is moving ahead with considerable speed and may soon be completed. Although the final form is not known, it seems certain that the number of regions will be cut down considerably, possibly to four. The number of employees will be reduced also, although quite a few new positions in the Office of Federal Airways must be filled.
Ernie Albrecht, DTSM in Honolulu, was recently elected president of the Hawaii chapter of SKAL International Travel and Transportation Organization.
Airline Subsidy Payment May Be Shifted from Post Office
Payment of airline subsidies under the CAB’s administrative separation of subsidy and mail pay may be shifted from the Post Office to the Board by a new method—an executive order by the President under the Reorganization Act. This act allows the President to shift functions between departments. Such a move is now under consideration. The Post Office is pushing to get so-called subsidy payments out of its budget.
281,000.
CALL 472
If you haven’t yet signed up to donate a pint of blood tomorrow, call local 472 either this afternoon or first thing tomorrow morning and make an appointment.
Due to recent withdrawals the Pan American Blood Bank at San Francisco has been almost totally depleted of its supply.
The first 75 pints received tomorrow will go to PAA’s account —the remainder will be given to our Armed Forces in Korea.
It’ll only take a little bit of the company’s time for you to be a life saver!
CAB and Guests Meet Again To Discuss a Knotty Problem
CAB members recently met informally with military, CAA and industry officials in a preliminary attempt to determine if new evidence exists for a switch in units of speed and distance measurement in civil air transportation from statute to nautical miles.
At the present time international airlines use the nautical mile, while domestic airlines use the statute mile.
The North American F-86D will be assembled in Italy by the Fiat Company.
TOP TALK
Division Manager “Brick” Maxwell, left, chats wtih Vice President Russell B. Adams last week before the PAA veep departed San Francisco on a round-the-world trip. The system executive plans to spend some time in the Orient to gain first-hand information on the many problems involved in bi-lateral discussions relative to international air services and Pan American’s part therein.
Object Description
Description
| Title | Page 1 |
| Object ID | asm0341003962 |
| Digital ID | asm03410039620001001 |
| Full Text | Read From California to Calcutta, From Alaska To Australasia Voi. 9 No. 9 PUBLISHED BY THE EMPLOYEES OF PAN AMERICAN WORLD AIRWAYS May 14,1953 Annual Report Shows PAA Net Earnings Up in 1952 Leads All Other Carriers in International Transportation Reported net earnings of Pan American World Airways for the year 1952, after provision of $4,-420,000 for federal income taxes, were $6,673,000 compared to the reported net income of $6,546,000 for 1951. These were the figures just announced by President Juan T. Trippe in the 25th annual report mailed to the company’s stockholders. Net earnings were equivalent to $1.09 a share on the company’s 6,145,082 shares outstanding, as compared with $1.07 for the previous year. Gross revenues amounted to $205,243,000 — again an all-time high. Transportation revenues other than United States mail totaled $167,607,000—an increase of nine per cent over 1951. During the year the company made net capital expenditures of $29,800,000. Final payments were made on 18 new Douglas Super-6 airplanes, as well as initial payments on 27 new Super-6’s (DC-6B’s) and three Douglas cargo Clippers to be delivered in 1953 and 1954. President Trippe also reported that Pan American again led all other air carriers in transportation of passengers, cargo and mail abroad. He pointed out that 28 per cent of all overseas travel to and from the continental United States, whether moving by sea or by air, is carried on Pan Ameican Clippers. (Continued on Page 5) BIG BED MAN SLIIMI SMVICIS ANI ir accommodations available as follows:— US tNS-ATLANTiC: Between New York/Boston and Amsterdam, Banakok, Basra, Beirut, vII!.es' Sis, Calcutta, Delhi, Dusseldorf, Frankfurt, Glasgow, Hong Kona, Istanbul, Karachi, on R I, London, _Nlce, Parls^,Jlanoopn^ Rome. ** “ " PA117, PA^ This picture was ripped out of page 23 of the current system timetable. We’ve often wondered where our hucksters manage to dig up suitable models for all their stuff. We still don’t KNOW, but last night someone slipped the picture on page eight under our door. IS THIS YOUR TYPE? Maybe it’s your type for this issue, but wait ’til you see the May 28th edition of the CLIPPER. Check this same spot in two weeks and meet your type face to face. Early Announcement of CAA Reorganization is Expected Extensive reorganization of the CAA is moving ahead with considerable speed and may soon be completed. Although the final form is not known, it seems certain that the number of regions will be cut down considerably, possibly to four. The number of employees will be reduced also, although quite a few new positions in the Office of Federal Airways must be filled. Ernie Albrecht, DTSM in Honolulu, was recently elected president of the Hawaii chapter of SKAL International Travel and Transportation Organization. Airline Subsidy Payment May Be Shifted from Post Office Payment of airline subsidies under the CAB’s administrative separation of subsidy and mail pay may be shifted from the Post Office to the Board by a new method—an executive order by the President under the Reorganization Act. This act allows the President to shift functions between departments. Such a move is now under consideration. The Post Office is pushing to get so-called subsidy payments out of its budget. 281,000. CALL 472 If you haven’t yet signed up to donate a pint of blood tomorrow, call local 472 either this afternoon or first thing tomorrow morning and make an appointment. Due to recent withdrawals the Pan American Blood Bank at San Francisco has been almost totally depleted of its supply. The first 75 pints received tomorrow will go to PAA’s account —the remainder will be given to our Armed Forces in Korea. It’ll only take a little bit of the company’s time for you to be a life saver! CAB and Guests Meet Again To Discuss a Knotty Problem CAB members recently met informally with military, CAA and industry officials in a preliminary attempt to determine if new evidence exists for a switch in units of speed and distance measurement in civil air transportation from statute to nautical miles. At the present time international airlines use the nautical mile, while domestic airlines use the statute mile. The North American F-86D will be assembled in Italy by the Fiat Company. TOP TALK Division Manager “Brick” Maxwell, left, chats wtih Vice President Russell B. Adams last week before the PAA veep departed San Francisco on a round-the-world trip. The system executive plans to spend some time in the Orient to gain first-hand information on the many problems involved in bi-lateral discussions relative to international air services and Pan American’s part therein. |
| Archive | asm03410039620001001.tif |
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