SMALL SURPLUS

Te Awamutu Courier, Volume 75, Issue 6441, 3 November 1947, Page 7

SMALL SURPLUS

EARNED BY NATIONAL AIRWAYS CORPORATION FIRST YEAR’S OPERATION A surplus of £29,095, reduced by provision for taxation and interest to v. net figure of £6014, resulted from the operations of the National Airways Corporation, including Union Airways of New? Zealand, Ltd., in the vear ended March 31st, 1947, according to the first annual 4 report of the corporation tabled in the House of Representatives. Passenger revenue amounted to £246,770 and freight and mail receipts to £42,293. The report points out that fares in New Zealand compare more than favourably with those in other countries where air services are more fully developed. The air fare in New Zealand is in nearly all cases based on 3.75 d per mile flown, compared with the United States equivalent of 3.975 d.

The number of passengers carried for the seven months under corporation control increased by 60.65% compared with the previous seven months. Daily scheduled miles increased from 2932 at March 31st, 1946, to 7044 at the end of. March this year, an increase of 240 G, and route miles increased from 1544 to 2675 over the same period. In addition to the opening of several new routes, frequencies were increased in a number of cases.

In the full year 67,436 passengers, an increase of 12,123, were carried, and air freight totalled 418,3541 b. compared with 261,0801 b in the preceding 12 months.