In the process of gathering background
material for Piedmonitor articles, we frequently
come up with interesting facts which don’t
fit into the final story. In many cases, those
facts are numbers which tell a story of their
own. This happened twice as we compiled this
For the awards banquet story, on page
seven, we tried to find out what was happening
in the years when the anniversary celebrants
joined the Company. An annual report from
1954 had an intriguing chart which showed
the source and distribution of our revenue. We
asked for some additional, updated numbers
and found the following:
In 1959, fuel and oil accounted for 9.98
percent of our total expenses. Wages and bene
fits were 48.61 percent of total expenses.
In 1964, fuel and oil represented 10.07 per
cent while wages and benefits were 52.31 per
cent of the Company’s total expenses.
For the first nine months of 1979, fuel and
oil w'ere 20.83 percent and wages and benefits
were 41.03 percent of Piedmont’s total expenses.
Because ours is a business which alternately
thrives and cries over numbers of all kinds,
most of us either have or eventually acquire
at least a semblance of respect for digits and
decimals. Usually, figures accompanied by
explanatory w'ords are easier to understand.
The growing numbers for fuel and oil costs,
as a percentage of total expenses, tell their own
The December 1 passenger timetable will be
our final schedule change for the year and the
1970s. A glance at the frequency of its publica
tion over the past ten years proves rapid and
constant change has become customary. At the
close of the decade, we will have published 63
different system timetables. Last year there
were ten issues of the schedule. This year we’ll
have the same number. The simplest scheduling
year was 1972 when we had only three changes,
to and from daylight savings time, plus one in
June. We’ve averaged just over six schedules
a year since 1969.
To accommodate traffic growth with the
most productive technology available, the na
tion’s scheduled airlines will need to invest $90
billion in new aircraft between 1979 and 1990,
according to a study by the Air Transport As
The industry’s major capital investment
needs consist of $80 billion for passenger an--
craft to be delivered in the 1980s, $7 billion for
freighter aircraft and $3 billion for passenger
aircraft to be delivered in 1979.
The ATA study sees the U. S. scheduled air
lines carrying some 225 million more passengers
in 1990 than this year’s expected 300 million
passengers, although with relatively little in
crease over today’s fleet of about 2,300 aircraft.
This is because the new fleet acquisitions are
expected to increase the average available
number of seats per aircraft some 40 percent
NYC to get new terminals
The Port Authority of New York and New
Jersey has cleared the way for construction of
new terminals at LaGuardia and Newark Inter
The commissioners announced plans to con
struct a $50 million terminal to be used by
Delta at LaGuardia. Construction is scheduled
to start in about a year.
The authority also decided to go ahead
with a $25 million project to complete a third
terminal at Newark. The terminal was started
in 1973, but work on it was halted the next year
because of an economic recession. Two others
The new terminal at Newark will be used
by American, Northwest and Pan American.
It is to be in operation by 1985.
Beech to merge
The Beech Aircraft Corporation and the
Raytheon Company announced in early October
an agreement in principle to merge.
Beech is one of the country’s largest manu
facturers of general aviation aircraft. Pied
mont has sold and serviced Beech products
since 1955. Raytheon is a diversified manu
facturer of electronic equipment, military hard
ware, kitchen appliances and other products.
I billion by 1990
Under the agreement, which is subject to
approval by directors and shareholders of both
companies, each of the 13 million Beech com
mon shares would be exchanged for 0.775 of
Most have flown
Sixty-five percent of all Americans over 18
years of age have flown on a commercial airline,
including 63 percent of all women, according to
the latest survey done by the Gallup Organiza
tion for the ATA.
The 65 percent figure represents 101 million
people, a 7 percent increase over 1977, when
the last survey w'as conducted. The 63 per
cent figure for all women who have now flown
compares with 59 percent in 1977 and just 30
percent in 1962.
Other highlights of the survey, conducted in
June and July, 1979, included;
• 27 percent of all adult Americans took a
a trip by air in the past 12 months.
• 50 percent of personal/pleasure trips
were taken by persons with annual family
income under $20,000.
• 55 percent of all airline trips taken in
1979 were for business and 45 percent
were for pleasure or personal reasons.
TXI wants TWA
Texas International Airlines announced it
has bought stock in Trans World Corporation,
the parent company of Trans World Airlines
and has discussed with TWA’s chairman the
possibility of acquiring the airline.
Earlier in the summer, a bid by Texas Inter
national to buy National Airlines was defeated
by Pan Am.
The announcement by the Houston-based
carrier and Trans World’s summary rejection
followed a breakfast meeting between the chair
men of the two airlines at the Carlyle Hotel
in New York.
Texas International said it had announced
the moves as a response to inquiries. It refused
to say how much stock it had purchased in
Trans World or to say whether it would
purchase more. Both companies said no addi
tional talks were scheduled.
Ralph Griffith and George Manuei show off two of their prize knives.
This is the special Piedmont knife.
Blade fans are sharp investors
Looking for a hobby which can be pursued
almost anywhere, from flea markets to the
courthouse steps? Want a collection that
doesn’t take an enormous initial investment
and does appreciate in value, sometimes faster
than coins or art?
Piedmont Captain Ralph Griffith and Mech
anic George Manuel highly recommend knife
collecting. They’re among a relatively small —
50,000 in the U. S. — but avid and growing
group of collectors. The history of their hobby
goes back at least as far as Tutankhamen. A
collection of knives was found in King Tut’s
Griffith and Manuel have been actively
acquiring knives for about 10 years. Each is a
specialist. Griffith prefers pearl and stag-handle
knives while Manuel likes muskrat and bone
handles. Both ai-e members of the Tarheel
Cutlery Club and the National Knife Collectors
Association. They’d like to hear from other
Piedmont employees who share their enthusi
asm for the hobby. If there is enough interest,
a Piedmont show may be set up or even a Com
pany club formed.
Manuel and Griffith designed and had made
a special Piedmont Airlines knife. See photo
above. A two-blade Canoe with genuine mother-
of-pearl handle, it commemorates Piedmont’s
30th anniversary. A limited number of the
knives with consecutive serial numbers were
handmade in Soligen, Germany. In addition, 35
sets of three of these Piedmont knives will be
scrimshawed with a 737, a 727 and a YS-11.
These sets will sell for $150 when completed
in the next several months. The other individual
knives are $32.
For more information about the Piedmont
knives or if you are interested in forming a
Piedmont knife group, contact George W.
Manuel, 3682 Bowens Road, Tobaccoville, N. C.
27050, or Ralph R. Griffith, Route 1, Box 124,
Pilot Mountain, N. C. 27041.