North Carolina Newspapers

    VOL. 11 — NO. 8
SEPTEMBER, 1959
Shareholders Report Shows Increase
Sales and Company Base Equity
Increases in sales, operating expense and equity base of
Piedmont Aviation Inc. have been announced by President
T. H. Davis in the end-of-six-months financial statement to
company shareholders and employees.
Commercial revenues, not including mail pay, for the
first six months of 1959 show a 32 per cent increase over the
corresponding period of 1958. President Davis attributes a sub
stantial amount of this in
crease to the acceptance of
the F-27 service inaugurated
November, 1958.
Increases in operating ex
penses has come from additi
onal payroll expense effect
ive January 1, higher intro
ductory costs connected with
the F-27 aircraft, and a slight
increase in revenue miles
flown.
The equity base increase
of $165,511 resulted from a
60 per cent subscription of
the 81,714 shares of common
stock recently offered stock
holders. The total subscrip
tion of this stock was 47,289
shares.
President Davis stated that
the company was continuing
efforts in increased sales and
more efficient operations.
‘ Major emphasis,” he said, is
being directed toward sati.®-
factorily resolving the areas
of improved earnings by the
addition of new productive
routes and a more profitable
mail rate return.
He said that, while tangi
ble evidence of results in
these efforts will come in the
future, the prospects “ter-
tainly appear most encourag
ing.”
The unaudited statement went
to shareholders and employees
August 24th. It will be audited
at the end of the year.
iir Operations Board States Tentative
Position In Piedmont Area Route Case
Sorrells Is Named
Washington Base
Chief Of Pursers
R. L. Sorrells has been
named division chief purser
at Washington, Superintend
ent of Passenger Service S.
S. Brunt announced Aug. 21.
Sorrells will assume the su
pervision of flight attend-
'! "vrajj ants and pas-
-3 sengers serv
ice at Wash
ington Sept. 1.
Previous t o
his app oint
ment the
Washi n g t o n
super V i s o r y
A^ork has been
R. L. Sorrells from
the home office.
A nstive of Asbeville, Sor-
relss began work for Piedmont
in April, 1953 as flight at
tendant based at Wilmington.
When the Washington base
was established in August,
1955, he was transferred
there in the same capacity.
Superintendent Brunt said
Sorrells “has done an out
standing job since employ
ment and at Washington has
assumed voluntarily responsi
bilities not specified by his
position.”
He is married to the for
mer Josephine Young. They
have two children.
NEW ROUTES would enable Piedmont to give Baltimore to
Atlanta service via two-leg routing through Tri-Cities and
Winston-Salem.
President Davis Calls Route Denial
Oisappointment’and‘Contradiction”
tions, which rec o m m e n d e d
Piedmont for the route, and
is also completely contradic
tory to the board’s own hear
ing examiner, Paul N. Pfeif
fer, who recommended South
east Airlines.
Piedmont Airlines Presi
dent T. H .Davis said he was
“extremely disappointed, of
course,” in the recent press
release decision by the Civil
Aeronautics Board on the
Southeastern States Area in
vestigation.
Mr. Davis issued the follow
ing statement:
“As I see it, there is ab
solutely no basis for the de
cision reached by the Civil
Aeronautics Board. The ten
tative decision thus far is
a contradiction of the CAB’s
own Bureau of Air Opera-
“Furthermore, the route was
awarded to a carrier which
neither applied for the route
nor submitted evidence to
prove its need for the route.
“Under these circumstanc
es, it is next to impossible
to imagine the basis on which
the board reached its decisi-
Traffic Assistant
Irwin Apple Dies
Irvin Vance Apple, 32, staff
assistant in the Piedmont traf
fic department, died August
20th from the recurrence of
a rheumatic condition devel
oped in childhood.
Since April of this year he
had been confined alternate
ly between home and hospi
tal.
Surviving him are his wife,
the former Betty Peaslee, and
two children, Patricia and
Jean, of the home. Funeral
services were held August 22
in Greensboro with burial in
Guilford Memorial Park.
Apple joined Piedmont in
1950 as agent in Greensboro.
In 1955 he was promoted to
chief agent at Charleston, W.
Va. and in 1957 was named
staff assistant at the home
office.
nmnrmmms
fmm
■ ;
TO LOOK AT these Charlotte station employees, you wouldn’t know they had missed a
steak dinner. They chalked up a record 2,944 passengers boarded during July, missing the
3000 mark and the party by only 46 pushes on the service button. (Left to right) A1
Shully, Bob McAlphin, Louise Ramsey, Bobby Harrelson, Penny Combs, Johnnie Newell,
Barbara Northcutt, Levy Heath, Jean Winslow, Tommy Young and Gene Walsh.
PA I Suggested
For Baltimore,
Atlanta Flights
The Bureau of Air Opera
tions has recommended ten
tatively that Piedmont Air
lines receive all routes ap
plied for in the Piedmont
Local Service Area with the
exception of routes into Flor
ence, South Carolina frc)a
Charlotte, Southern Pines,
Myrtle Beach, Wilmington.
Columbia and Atlanta.
Portions of the tentative
position of the Bureau of Air
Operations pertaining to Pied
mont are as follows:
That Piedmont be perma
nently authorized to serve the
portion of segment lA be
tween Wilmington and New
Bern via Morehead City-
Beaufort and that authority
to serve Morehead City-Beau-
fort be continued on a sea
sonal basis.
That Piedmont be perma
nently authorized to serve the
portion of segment 4 between
Lynchburg and Washington
via Charlottesville.
That Piedmont be perma
nently authorized to serve
Charlottesville on segment 2.
That Piedmont’s authoriza
tion to serve London-Corbin
be renewed on a permanent
basis.
That Piedmont be perman
ently authorized to provide
service over a route segment
between Baltimore and Atlan
ta via W ashington,
Charlottesville, Staun
ton, Lynchburg, Roanoke,
Bristol, Danville, Greensboro-
High Point, Winston-Salem,
Hickory and Asheville.
That Piedmont be perma
nently authorized to provide
service over route segment
between Norfolk and Knox
ville via Elizabeth
City, Rocky Mount, Raleigh-
Durham, Southern
Pines, Greensboro-High Point,
Winston - Salem, Charlotte,
Hickory and Asheville.
That Piedmont be perma
nently authorized to provide
service over the following
route segment: Between the
terminal point Charlotte, the
intermediate points Southern
Pines, Fayetteville, Wilming
ton, Jacksonville - Camp Le-
jeune, Kinston, Goldsboro and
(a) beyond Goldsboro, the
R O U T E S'
See Page 2
    

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