Newspapers / Piedmont Aviation Employee Newsletter / Sept. 1, 1963, edition 1 / Page 1
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t me neamonmm VOL. VI, NO. 8 I ' '4^ y. APACE WITH THE PACEMAKER SEPTEMBER, 1963 Aviation And Airline Divisions See Sharp Climb In Revenues Aloha Islands! Beckley Agent Robert Harper and his wife arrive at Honolulu for a week-long vacation in the Islands. The Harpers won their trip, and their stay at the Hilton Hawaiian Village Hotel, in the interline sales contest sponsored a few months ago by Piedmont and United Air Lines. Central Piedmont Aero Sales Tops For the Central Piedmont Aero Division of Piedmont Aviation, Inc., August was a month to remember. It was the best month for dollar sales of aircraft since CPA opened for business in 1960. Nine sales of Piper airplanes were made during August for a total of $226,000. Five of these were twin-engined aircraft, one of which was the new Piper PA SO Twin Comanche just intro duced this summer. Enough sales have already been made this year to qualify CPA for the Piper Aircraft Com pany’s “Million Club” Award, to be presented at Piper’s annual sales meeting October 9-10 in Hollywood, Fla. Taking bows for their out standing record will be CPA salesmen L. P. Wrenn, Ned Guthrie, Brooks Tilton, and Floyd Pond. In figures recently reported to its stockholders. Piedmont Aviation, Inc., has announced revenue gains for the first half of 1963 of 72 per cent for its General Aviation Division, and 37 per cent for its Airline Di vision, over the same period last year. The increases were made pub lic in an interim statement re leased to Piedmont stockholders. The Airline Division listed reve nues of $10,529,101, “. . . largely the result,” said the report, “of revenues from operations over the new routes awarded the com pany by the Civil Aeronautics Board in the Piedmont Area Case, over which service was be gun in June of last year.” The General Aviation Division had total revenues of $3,307,399 for the first half of 1963 as com pared to $1,925,824 for the same period last year, resulting from, “. . . a most encouraging growth trend in aircraft and parts and materials sales.” The consolidat ed earnings of all divisions of the company after taxes were $224,669 for the first half of 1963 as compared to $584,107 during the first six months of 1962 The 1962 earnings, said the statement, included $406,094 of capital gains from the sale of DC-3 aircraft retired from ser vice, whereas there were no such gains in the 1963 period. There fore, gains from actual opera tions were up $47,656 for this year over the comparable pe riod last year, In reporting to the stockhold ers, President T. H. Davis com mented on the year so far and stated, “From all present indica tions, operations for the remain der of the year are expected to continue on a profitable basis.” Coming Attraction In response to employee questions about the new re tirement benefits, next month The Piedmonitor will feature an article answering those questions, and giving addi tional information about the program. It will show how to com pute approximate retirement income, based on years of service and present and fu ture salary, and answer the questions that have been most frequently asked. It may be a help in plan ning those years ahead, so don't miss it. CAB Proposes Subsidy Cut; Outlines Points In Program The Civil Aeronautics Board recently announced a proposed program that, over a flve-year period, would cut subsidy to the nation’s local service ’ airlines to $56 million annually from the 1962 level of $81 million. On August 14, the CAB pro gram was directed by President Kennedy to a special committee for study. The Board prepared the subsidy reduction program in response to a request Presi dent Kennedy made in his 1962 transportation message. The message proposed several actions to promote “greater re liance on competition and less ... on Federal regulation and subsidization” in all segments of transportation. The Board based its subsidy reduction program on four points: An expected continued growth in local line traffic, at a slower rate but still rapid enough to more than offset expected cost increases; A cut in the number of daily flight frequencies the CAB will subsidize between any pair of communities; A continuation of the Board’s effort to trim airline operating expenses by requiring that lines serving two or more neighbor ing cities at their individual air ports stop only at one “consoli dated airport; And continued application of the CAB’s “use-it-or-lose-it” pol icy under which smaller commu nities lose their local air service if they don’t generate enough passengers to make the stops economical enough for the air line. AT A View Commenting on the matter. Air Transport Association Pres ident Stuart G. Tipton said; “The President’s action in re ferring the report to a top-level committee is a wise one. In its report, the Civil Aeronautics Board has made a valiant effort to respond to the President’s previous request for an airline subsidy reduction program. But the Administration’s request was by its nature contrary to present national policy estab lished by law. “This policy calls for the CAB to determine what air service is required by the public. Such service is to be supported if necessary. If carried through, the program recommended by the CAB would result in elimination of needed public service and would place air carriers involved in such financial straits that they would not be able to provide required service or develop the increased traffic that is antici pated by the report.” On Subsidy Local airlines have been on subsidy ever since their incep tion in the years immediately following World War II. The Board’s original plan in certify ing them was to fill a need for air transport between small and intermediate - size communities, linking them with one another and with a major regional city where connections could be made with trunk airlines. At presstime the CAB an nounced it would hold a meeting at its Washington headquarters “for the purpose of discussing future amendment of the exist ing local service carrier class subsidy rate . . . The discussions will involve the general princi ples to be embodied in an amended class subsidy rate, in cluding the problems related to the overall annual subsidy level for the 13 local service carriers.” Up To 56.5 Per Cent tA'il'itary Travel Gets Large Discount Special discounts of up to 56.5 per cent off the regular fare are now being offered by Piedmont Airlines to all qualified military personnel. The military fares went into effect September 15, following Civil Aeronautics Board approval of an application filed previously by the company. Under the plan, if the regular passenger fare is under $30, the military discount is 55 per cent off that fare. If the regular fare is above $30, the discount amounts to 56.5 per cent. This means that instead of paying $40.95 to fly from Atlanta to Nor folk, for example, a serviceman may pay only $17.85. The special fare discount ap plies to all servicemen on active duty in uniform. Members of the Army, Navy, Air Force, Ma rine Corps, and Coast Guard are eligible, as well as students at the academies of the Army, Navy, Air Force ,and Coast Guard. Travel under the military dis count is on a standby, space available basis, and advance res ervations cannot be made. The fare can be used while traveling at the serviceman’s own expense on authorized furlough, leave, pass, or on any other officially- excused absence. It also applies to personnel who have been dis charged from active military service, providing travel is com pleted within seven days after the discharge date. Air Express Pay To Piedmont Up 55 Per Cent Air Express celebrated its 36th anniversary in September, with half-year revenue to Piedmont Airlines amounting to an esti mated $94,924 — a 55 per cent increase over last year’s compa rable period. The company is one of 38 scheduled airlines which during the first six months of this year received a total of about $13,372,- 620 for providing Air Express transportation. Air Express is a joint enterprise of the 38 sched uled airlines and REA Express. Piedmont’s half-year revenue from Air Express in 1962 amounted to $61,142. Payments to all airlines this year are run ning about six per cent higher than last year’s total of $27.5 million. Rocky Mount Station Manager Frank Slone (left) and Capt. Frank Holder congratulate Oscar B. Porter, Jr., as he completes his 500,000th mile of commercial airline travel. Multi-Miler Gives Kudos To Piedmont Oscar B. Porter, Jr., is a busy man who thinks quite highly of Piedmont Airlines. Mr. Porter recently completed his 500,000th mile of commercial airline travel, and in doing so handed a large bouquet to Pied mont. He is employed by Cuno Eng ineering, a subsidiary of Amer ican Machine Foundry. Travel ing in every part of the United States except New England, last year he logged 157,000 miles of travel as he worked with manu facturers’ agents and company personnel. He emphasized that it would be impossible for him to live in Rocky Mount without Piedmont, which has schedules that allow him to make connections for any destination he chooses. “All I need to do is provide Station Manager Slone and his staff with my itinerary,” said Mr. Porter, “and they do all the rest. All that is necessary for me is to meet the planes.” To help mark the occasion he was presented a 100,000 Mile Club plaque from United Air lines with five gold stars for each 100,000 miles he has flown.
Piedmont Aviation Employee Newsletter
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Sept. 1, 1963, edition 1
1
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