winnipeg-free-press, May 30, 1960, Page 2
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Winnipeg Free Press

Monday, May 30, 1960

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Issue date: Monday, May 30, 1960
Pages available: 40
Previous edition: Saturday, May 28, 1960
Next edition: Tuesday, May 31, 1960

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About Winnipeg Free Press

  • Publication name: Winnipeg Free Press
  • Location: Winnipeg, Manitoba
  • Pages available: 40
  • Years available: 1872 - 2025
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Pages 1 - 20 of the Winnipeg Free Press May 30, 1960.

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OCR Text

Winnipeg Free Press (Newspaper) - May 30, 1960, Winnipeg, Manitoba Pages Winnipeg free press. Monday May ims Are you one of the car owners affected important announcement new Esso extra gasoline has advanced performance characteristics of special interest to the owners of these cars Buick Cadillac Chrysler de Soto Imperial Lincoln thunderbird 1957, 58, 59, 60 1957, 58, 59, 60 1957, 58, 59, 60 1957, 58, 59, 60 1957, 58, 59, 60 1957, 58, 59, 60 1957, 58, 59 -1957, 58, 59, 60 -1957, 58, 59, 60 -1957, 58, 59, -1957, 58, 59, 60 1957, 58, 59, 60 1957, 58, 59, 60 1957, 58, 59, 60 airline profits Down Ottawa up Canadian. Airlines made a profit on operations of Only one tenth of oae per in chairman Paul Davoud of the air transport Board reports in his annual review of the airline business that the airlines had operating revenues of 000 last year against operating expenses of for a profit of the profit in 1958 was scheduled air carriers had revenues of and expenses of for a loss of compared with a Small profit of in 1958. Non scheduled carriers had revenues of and expenses of for an operating income of the profit in ims was the figures do not include pro vision for income tax or interest charges. Or. D a y o u d says paradoxically the larger and presumably More efficient carriers did not fare so Well As did the smal Ler he that All forms of traffic increased during 1159 but that the growth in traffic was not sufficient to offset the effect of higher costs. Trans Canada air lines had a modest net income of but Canadian p a c i f in airlines had a net loss of the other four scheduled carriers made a Small profit or about broke even. Or. Davoud says major Cana Dian carriers face a difficult time in 1960 because of the in creasing Competition from for eign lines on overseas routes and the relatively Small Domestic Market Canadian airlines carried fines for income tax evasion Calgary ;