Encouraged United

Each major U.S. airline has some exclusive quality to boast about. TWA calls itself the "Lindbergh Line." American brags it is "the largest airline in the U.S." United is proud of carrying more passengers, mail and express than any other airline in the world. Last week United had something else to be proud of: Its statement for 1935 showed that it almost made some money.

In 1934 United lost $2,283,525.31. In 1935 it lost only $1,392.81. This encouraging report was due in part to a 22% rise in passenger and cargo revenue, in part to a new depreciation policy changing all planes from a three-year to a four-year life basis. The fact that United still shows a loss is due, according to President William A. Patterson, to the inadequacy of its airmail subsidy rate, which was 12% less per pound-mile in 1935 than in 1934 and only about half what other domestic airlines received.

This file is automatically generated by a robot program, so reader's discretion is required.