Pan American clipper, Vol. 22, No. 6, November 1963

              Order 15 U.S. Supersonics
Aids U S Bid for Sky Rule
A fleet of 15 American-built supersonic transports has been ordered by Pan American. The Company has deposited $1,500,000 with the U.S. government as a down payment on the order. No. 6 The goal established by President Kennedy for the U.S. supersonic transport program is the production of a “com­ mercially successful supersonic transport superior to that being built in any other country of the world.”
The design and engineering proposals of U.S. a irc ra ft m anu­ fa c tu re rs fo r a supersonic tra n s p o rt are now being evaluated by the U.S. F ed eral A viation Agency, w hich will decide w hich a ir­ c ra ft should receive Governm ent support. An A viation Subcom m ittee of the U nited S tates Senate has been tak in g testim ony from key airlin e and aviation officials about the supersonic tra n s p o rt program . E xecutive Vice P re si­ dent H arold E. Gray, speaking fo r the Company, told the Senators th a t th e U.S. should develop a supersonic tra n s p o rt capable of carry in g 200 or more passengers non-stop from Idlew ild to Moscow. (See separate story on page 4.) P an A m erican was the first airlin e to declare th a t it would buy U.S. supersonic a irc ra ft. In a public statem en t in June, P re si­ dent T rippe said the Company “will pu rch ase and operate a fleet of such a irc ra ft as soon as they become available.” “P an A m erican will cooperate fully w ith our governm ent in each airlin e has received six this program w hich we are con­ a irc ra ft. The Concorde program fident will produce a la rg e r and is sponsored and financed jo in t­ fa s te r a irc ra ft, w ith g re a te r ly by th e B ritish and F rench range and payload, th a n th a t Governm ents. The prototype Concorde is ex­ being developed by o th er coun­ pected to fly in th e sum m er of trie s,” P resid en t T rippe said. 1966, w ith th e first production On Ju n e 4, P resid en t T rippe a irc ra ft available some two announced th a t th e Company years later. The design speci­ had placed an order fo r six fications fo r th e Concorde call supersonic “Concorde” a irc ra ft, fo r an approxim ate speed of now being developed jo in tly by Mach 2.2, approxim ately 1,500 B ritish A irc ra ft Corp. and Sud miles p er hour, w ith range fo r A viation of F ran ce. P an Am, re g u la r nonstop service betw een A ir F ran c e and BOAC will each e ith e r P a ris or London and New receive one of the first th ree York c a rry in g approxim ately Concordes produced. The same 100 passengers and th e ir bag­ sequence will be followed u n til gage.

Volume 22

November, 1963

BEAUTY OF HAWAII—now just $100 away from the U.S. West Coast— is evident from moment of arrival at Honolulu Airport, where this photo was snapped by IDL Pub Rel Rep Tom Hoctor. The Hawaiian Thrift fare story is on page 3.

Drop Merger Talks
Ju a n T. Trippe, P resid en t of P an A m erican W orld A ir­ ways, and C harles C. T illinghast, Jr., P resid en t of T ran s W orld A irlines, announced recently th a t by m utual agreem ent the Boards of D irectors of th e ir respective com panies have term i­ nated the m erger agreem ent entered into on Decem ber 20, 1962. M essrs. T rippe and T illin g h ast issued the follow ing s ta te ­ m ent: “The tim etable fo r necessary approvals, including those of the F ed eral Governm ent, has not progressed to th e point w here we can look fo rw ard to consum nation of the m erger w ithin a reasonable time. Among o th er th ings, problem s as to how to deal w ith unresolved issues as to the liab ility of H ughes Tool Co., re su ltin g from th e d efau lt judgm ent in litig atio n pending in New York, have prevented th e two com panies from subm itting the proposed m erger to th e ir shareholders. “W hen th e question of H ughes Tool Company’s liability has been resolved, th e D irectors and stockholders of the two com panies will be free to reconsider the m erger, if it should app ear useful to do so a t th e time. “In th e m eantim e, it is fe lt th a t the in te re st of both com­ panies would best be served by term in atio n of th e m erger agreem ent.”

Our Nine-Month Profit
Industry's Highest Ever
Net income of Pan American World Airways for the nine months ending September 30, 1963 was $20,874,000, or $3.29 per share, Juan T. Trippe, President, announced on October 29. This compares with a net profit of $9,271,000, or $1.38, for the same period of 1962.
Net income a f te r taxes fo r th e th ird q u a rte r was $16,099,000, a 61 per cent increase over the $10,027,000 in the th ird q u a rte r of 1962. N et income p er sh are fo r th e th ird q u a rte r of 1963 was $2.54 on 6,340,394 sh ares o u tstanding, com pared to $1.50 on 6,695,134 shares out­ stan d in g in 1962. O perating profits f o r the q u a rte r and fo r the nine m onths were the h ig h est ever recorded by an airline. O perating profits fo r the th ird q u a rte r were $35,804,000, com­ pared to $23,478,000 fo r the sam e period of 1962. F o r the first nine m onths, operating profits were $51,385,000, com­ pared to $28,394,000 fo r the com parable nine m onths in 1962. T otal o p erating revenues fo r th e th ird q u a rte r were $166,948,000, com pared to $151,118,000 in th e corresponding period of the preceding year. P assen g er reve­ nues am ounted to $129,405,000, up from $115,897,000 in the sam e period of 1962, an increase of 11.7 p er cent. F re ig h t reve­ nues were $14,338,000 fo r the th ird q u a rte r of 1963, in com­ parison to $12,143,000 in the sam e q u a rte r of 1962, an in­ crease of 18.1 p er cent. O perat­ ing expenses fo r th e th ird q u ar­ te r of 1963 increased 2.7 per cent over th e same q u a rte r in 1962. D uring th e first nine m onths of the year, P an A m erican flew 5,353,000,000 revenue passenger miles on its scheduled services, an increase of 12.2 p er cent over th e record levels fo r the same period of la st year. In tra n sa tla n tic service, Pan A m erican during th e first nine m onths carried 421,000 passen­ gers, a 22.5 p er cent increase. On its transpacific service, P an A m erican carried 344,000 pas­ sengers, an increase of 16.2 per cent.

Make It Pasta, Not Porridge
They were hungry, the two Italian infants flying from Rome to New York, but they refused to eat any of the plentiful baby food on the aircraft. Purser Pat Owens and stewardesses Mary Hoolihan and Ana Gontero tried all forms of persuasion, but one-year-old Renato and Paolo, two years, weren’t having any. It was beginning to look as if the small fry would be wailing their eyes out when presented to their adoptive parents on arrival at Idlewild. Then the resourceful crew hit upon the idea of offering the infants cannelloni from the second meal abroad the aircraft. The tykes took to the stuffed macaroni like true Italians, proving once again the value of Pan Am’s policy of serving meals that are in keeping with national dining customs.

FRA RAMP ROCKS as Katerina Valente, popular singer, arrives from Berlin and stages impromptu concert for coemps (from left) Nikol Stratakis, Heinz Roock, Tobor Varga and Manfred Herfer.

(VlSO^4"!y Accl/''febc^tO/ V ~ q [ ck^rlO,