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Aviation History
1962
1962 - 0815.PDF
FLIGHT International, 24 May 1962 813 M M E R C E relatively fast growth of low-rated traffic. Whereas traffic increased by 25 per cent, revenue rose by only 11 per cent to $460 million. The fact nevertheless remains that Pan Am's results are remark ably good when compared with those of rivals. Perhaps the main reason for this is simply that Pan Am have, since placing their epoch-making order for Boeing 707s in October 1955, been a length ahead of the rest of the field. During the late 'fifties, when the expense and dislocation of the transition was at its peak, Pan Am were generally able to offer an equipment advantage. And now that the sky is black with jets, while the ground is black with piston aircraft, Pan Am are in the happy position of having finished dis posing of most of their redundant fleet and of having begun to reduce their long-term jet debts. TESTED YOUR FLYING MACHINE? FLYING machines may no longer be new-fangled but they still exist in the world of Ministry of Aviation Civil Aviation Infor mation Circulars. No 43/1962 of this publication gives details of the Ministry's increased fees which Commercial Pilots (flying machines), Senior Commercial Pilots (flying machines) and Air line Transport Pilots (flying machines) have to pay for their licences, as forecast in the recent White Paper on safety. What the Ministry describe as "the present heavy failure rate" in flying tests and examinations, and its expense to the Exchequer, has led to the decision to put up the fees. A flight test for the initial issue of an instrument rating in one of the Ministry's Doves now costs £50, or double the former fee, while a similar test in the applicant's own aircraft costs £5. At the Skyway Hotel near London Heathrow on May 15 BALPA celebrated its 25th anniversary. Together at BALPA's 25th anniversary party for the Some of the members and guests present are seen in this cheerful "Flight International" group. first time since they inaugurated the first British The occasion also marked the retirement of BALPA's secretary, Mr D. Follows, centre front transatlantic air service in August 1939 (bottom picture) (see also page 816) were (top picture), I to r, Capt Bernard Frost, now a AIR C BUA BUY JERSEY AIRLINES JERSEY AIRLINES' entire share capital has been acquired (it is announced as this issue goes to press) by Air Holdings Ltd, which owns the British United Airways Group. Mr Myles Wyatt, BUA chairman, says that it is not intended "in the foreseeable future" to change the name Jersey Airlines; and he is glad to say that Mr M. L. Thomas, Jersey's managing director, has agreed to join the BUA board. PAN AM SET THE PACE INTERNATIONAL airlines everywhere have recently had much fun playing a new game: finding somebody else to blame for their troubles. Although none has attributed his ills to Pan Am, the success of that airline, as revealed in the 1961 report and accounts, must undoubtedly to some extent have been at the expense of rivals. Passenger traffic went up 21 per cent, freight traffic grew 16 per cent and—most remunerative of all—mail traffic went up 31 per cent, this growth being accompanied by a 15 per cent cut in unit costs to 27 cents (23 pence) per c.t.m. Pan Am might have been expected to show record profits, but in the event results were disappointing. Although the net profit is shown as having increased from $7m to $9m, the operating result actually deteriorated, after the 1961 figure is adjusted to allow for such items as a reduction in income tax, increased capital gains and revised depreciation rates. This adverse trend is due to the scheduling of excess capacity (output grew by 31 per cent to 1,591m c.t.m.) which is evident in a reduction in average load factor from 59 to 55 per cent, and to the dilution of revenues due to the
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