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Circular 89
A Review of the Economic Situation of Air Transport 1957-1967 (JULY 1968)
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CIRCULAR A REVIEW OF THE ECONOMIC SITUATION OF AIR TRANSPORT 1957-1967 JULY 1968 Prepared by the Secretariat and published by authority of the Secretary General INTERNATIONAL CIVIL AVIATION ORGANIZATION I 4 MONTREAL CANADA
Published in sepurute English, French und Spanish editions by the International Civil Aviation Organization. All correspondence, except orders and subscriptions, should be addressed to the Secretary General of ICAO, International Aviation Building, 1080 University Street, Montreal 3 Quebec, Canada. Orders for this publicatiot should be sent to one of the following addresses, together with the appropriate remittance by bank draft or post office money order in U.S. dollars or thr c11rrcbncy of the oilntry in which the order is placed or in a frcely convertible currency Australia Robertson and Mullens, 107 Peru Representante de la OACI, Oficina Elizabeth Street, Melbourne, C. 1. Sudamdrica, Apartado 4127, Lima. Canada Department of Public Printing senegal Representant de OACI, B and Stationery, Ottawa Ontario. Afrique, Bolte postale 2356, Dakar. France ReprCsentant de l'OACI, Bureau Europe, 3b15, villa gmile-Bergerat, Neuilly- Sweden C. E. Fritzes Kungl. Hovbokhan- sur-Seine Seine. del, Fredsgatan 2, Box 16356, Stockholm 16. India Oxford Book and Stationery Co., Thailand ICAO Representative, Far East Scindia House, New Delhi or 17 Park Street, and Pacific Office, F.0. Box 614, Bangkok. Calcutta. Japan japanese -10 society, ikk United Arab Republic ICAO Represen- iti ildi, 1-18-1 shimbashi, tative, Middle East and Eastern African Minatoku, Tokyo. Office, 16 Hassan Sabri, Zamalek, Cairo. Mexico Editorial Hermes S.A., Ignacio United Kingdom Her Majesty's Stationery Mariscal 41, MPxico 4, D.F. Office, P.O. Box 569, London, S.E. 1. International Civil Aviation Organization Attention Distribution Officer, International Aviation Building, 1080 University Street, Montreal 3 Quebec, Canada. Do you receive the ICAO BULLETIN The ICAO Bulletin contains a concise account of the activities of the Organization as well as articles of interest to the aero- nautical world. The Bulletin will also keep you up to date on the latest lCAO publications, their contents, amendments, supplements, corri- genda, and prices. Available in three separate editions English, French and Spanish. Annual subscription U.S. 52.00.
TABLE OF CONTENTS INTRODUCTION ........................... .......................... Terms of reference .......................... Statistical coverage .............................. References I . THE ECONOMIC SITUATION OF AIR TRANSPORT 1957 TO 1967 ... ................................ General .......................... Sources of revenue ..................... Categories of operating cost ............................. Load factors .................... Seasonal variations in traffic Operating costs and aircraft productivity .............. .... 11 . FUTURE TRENDS IN WORLD AIR TRANSPORT DEVELOPMENT .......... Future trends in productivity and operating costs ........ Future trends in passenger fares and traffic volume Future trends in world average freight rates and freight traffic volume ...................... Future trends in the volume of air mail on world scheduled services .................. "1"' The effect of different assumptions concerning ..................... future economic trends ........................ Cost inflation ........ Governmental restrictions on foreign travel ......... More rapid reductions in air freight rates ........................ Notes on Assumptions DIAGRAMS . ..... 1 Operating revenues. costs and load factors. 1957 to 1967 ................. 2 Operating revenues. 1957 and 1967 ........ 3 Operating costs scheduled airlines of ICAO States 4 to 14 Seasonal variation in passenger traffic . by region . ....................... Diagram 4 World . ................... Diagram 5 North America . Diagram 6 Europe ....................... . Diagram 7 South America ................... . ....................... Diagram 8 Oceania Page ... 111
. . - . 11 ICAO Circular 89- AT/ 15 Page DIAGRAMS . conttd 4 to 14 Seasonal variation in passenger traffic . by region conttd ...................... Diagram 9 . Africa Diagram 10 . Far East ..................... Diagram 11 . Middle East ................... ................. Diagram 12 . Intra-European Diagram 13 . North Atlantic .................. Diagram 14 . United States- -domestic ............. 15 Aircraft productivity and unit operating costs ........... 16 Future trends in air passenger fares and traffic volume . .... 17 Future trends in air freight rates and volume ............ TABLES . .............. World air transport economic statistics Average annual remuneration of airline personnel. 1957 and 1967 . . .......... Productivity of airline personnel. 1957 and 1967 ............ Financial trends in civil aviation. 195 1- 1967 ............ Financial trends in civil aviation. 195 1- 1966 Consolidated balance sheet. 1965- 1967 ............... Civil aircraft type data ........................ Number of aircraft in scheduled airline fleets - ........ International and domestic. estimated 1948- 1967 APPENDIX A Categories of operating revenues and expenses used in ICAOts financial air transport reporting forms and digests and in this study .......................
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Table Of Contents
COVER PAGE
TABLE OF CONTENTS
INTRODUCTION