Report for 1939
Most Successful Year, Profit US$1,984,438
New York, May 20.
Pan-American Airways, blazer of air trails across the Atlantic and Pacific Oceans, has reported a profit for 1939, of U.S$1,964,438, equal to U.S3146 on each of its 1,361,964 capital shares, compared to U.S346,72 or three cents a share earned in 1938. The year was the most successful in the history of the company.
The reports made public by Juan T. Trippe, president of the corporation, showed gains in every division of traffic.
Gross revenues for the year were U.S.$20,610,930, compared to U.S$16,072,956 in 1938. An interesting fact of the report was that in the war months, traffic across the Atlantic increased about 25 per cent.
Mr. Trippe said that despite war conditions, direct traffic to all parts of Europe is being maintained through connections with British, French, "|Halian and—until lately—Dutch airlines.
Text read from the printed page and cleaned; old type leaves the occasional error.