N.A.C. PROFIT OF £13,656
£57,576 PROVIDED FOR TAXATION "The Press” Special Service WELLINGTON, June 12. The National Airways Corporation made a net profit of £13.656 in the year ended March 31. The preliminary figures have been released by the Minister in charge of Civil Aviation, Mr T. P. Shand. After providing for airport and airways dues amounting to £91,817, and for depreciation on aircraft and other flight equipment, the operating profit amounted to £113,532. From this provision is made for taxation (£57.576) and interest on capital (£42,300), leaving the net profit of £13.656. Following are the important features of the year’s traffic statistics for the corporation on internal services, with the percentage increase over the previous year given in parenthesis:— Mileage flown by aircraft on revenue earning operations, 5.886,982 (6.09 per cent.); passengers carried on scheduled services, 383,584 (4.4 x per cent.); passenger miles created (scheduled services), 123,6117,527 (6.13); revenue passenger miles (scheduled services), 93,429,763 (4.12); freight ton miles carried, 1,852,059 (49.45); mail ton ffiiles carried 183,686 (5.48).
Of the total number of flights scheduled, 97.29 per cent, were flown.
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Press, Volume XCI, Issue 27683, 13 June 1955, Page 10
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180N.A.C. PROFIT OF £13,656 Press, Volume XCI, Issue 27683, 13 June 1955, Page 10
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