The Globe

Pacifica leads the 1971 results

LOS ANGELES — Pacifica Airlines reported a 1971 profit of $281 million on revenue of $872 million. In the fourth quarter it earned $7.07 a share, against the $0.64 analysts had expected. Atlas Globe Airways made $170 million on revenue of $638 million, and Avalon Air made $114 million on $375 million. Both beat fourth-quarter forecasts by a wide margin.

In Europe, Hamburgerluft earned $12.5 million on revenue of $72.0 million. x airline reported a profit of $488,000 although it had no revenue. Among the loss-makers, QA Browser Staff lost $1.72 million for the year but turned a fourth-quarter profit. Astronesia Airways lost $5.80 million on revenue of $169,000, and Atlas Lease Lab lost $145,000.

Aeroflot spreads out from Krasnoyarsk and Yekaterinburg

MOSCOW — Аэрофлот announced daily services from Krasnoyarsk to eleven cities, among them Baku, Tbilisi, Yerevan and Omsk. It announced more than twenty from Yekaterinburg, reaching as far as Tashkent, Odesa, Lviv and Irkutsk. Most of the new routes begin in February.

QA Browser Finance Six enters restructuring

CHICAGO — QA Browser Finance Six entered restructuring after missing three payments in 90 days. It carries on under a creditors' plan and must return to profit by 6 July or be liquidated.

Avalon Air joins an alliance

DALLAS — Avalon Air has joined the Объединенный авиаотряд - OAO alliance.

Two new airlines, in Geneva and Auckland

GENEVA — Alps Air, founded by A, will fly from Geneva. Outside investors put in $15.3 million.

AUCKLAND — Jikar Air, founded by Sheepy, also raised $15.3 million from outside investors. On its first day it announced daily Auckland–Sydney flights from 17 January. Within days it had added Wellington, Christchurch and Melbourne, as well as weekly services to Tokyo, Osaka, Honolulu and Paya Lebar.

United founded in New York

NEW YORK — United, founded by U, will fly from New York. Outside investors put in $15.3 million.

Crashable Airlines adds three cities

AMSTERDAM — Crashable Airlines will fly daily from Amsterdam to Copenhagen, Zurich and Brussels from 23 January.

Atlas Lease Lab in restructuring

The leasing company Atlas Lease Lab entered restructuring after missing three payments in 90 days. It must return to profit by 20 July or be liquidated.

Sapporo Games; Avalon spreads from Dallas

SAPPORO — Athletes, officials and spectators are travelling to Sapporo for the Winter Olympics, the first Winter Games held in Asia.

DALLAS — Avalon Air announced daily flights from Dallas to Cleveland, Kansas City, Philadelphia, Pittsburgh and Minneapolis. These follow St Louis and New Orleans earlier in the month.

QA Browser Finance Six liquidated

CHICAGO — QA Browser Finance Six has been liquidated at its owner's request during restructuring. Its aircraft go to market and its gates and slots are released.

QA First Flight takes off from Chicago

CHICAGO — QA First Flight, founded by Andrew M., raised $15.3 million and will fly Chicago–New York 14 times a week from 1 February. It joins a crowded Chicago field that includes Atlas Globe Airways, QA Browser Staff and Atlas Lifecycle Test.

Atlas Globe mechanics to strike

CHICAGO — Mechanics at Atlas Globe Airways will strike for three days from 7 February.

Baltic corridor opens to German airlines

Airlines from Germany may now fly through the Soviet Union along a Baltic–Moscow corridor, to and from Moscow's Sheremetyevo and Vnukovo airports only.

Super lists its shares

MUMBAI — Super's investors' 33% stake began trading at $2.59 a share, valuing the company at $38.9 million. Super shares Mumbai with DON AIR.

Trading paused as market drops

After a week of sharp swings, the all-share index fell 7% in a day and every share paused for 15 minutes. On the same day Alps Air announced Geneva–Frankfurt am Main flights, and Aeroflot added Kaliningrad to Yerevan and Tbilisi.

QA First Flight closes; Northstar opens

MINNEAPOLIS — QA First Flight is winding down, closed by its owner after six weeks. On the same day Andrew M. founded Northstar in Minneapolis with $15.1 million from outside investors. It plans to fly Minneapolis–Chicago daily.

Northstar shuts after four days; Lakeland Test founded

MINNEAPOLIS — Northstar is winding down, closed by its owner. Andrew M. at once founded Lakeland Test in Minneapolis with $14.9 million of outside money. The next day it announced the same Minneapolis–Chicago route.

First Fairchild F-27 goes to ivan airways

DUBAI — ivan airways took delivery of the world's first Fairchild F-27.

Hamburgerluft shares leap 62%

HAMBURG — Hamburgerluft shares jumped 62% to $22.00 as the market rose 8.3%. The German airline opened hubs at Hamburg and Frankfurt am Main in March.

Atlas Globe beats forecasts

CHICAGO — Atlas Globe Airways earned $61.1 million in the first quarter, or $4.07 a share, against the $3.00 analysts had expected. Revenue rose 46% to $193 million.

Astronesia consolidates its shares

JAKARTA — Astronesia Airways' shares had stayed below $1, so its board combined every ten into one, at $7.80. Shares left over were paid for in cash at $0.78 each.

Pacifica's profit far above forecasts

LOS ANGELES — Pacifica Airlines earned $125 million in the first quarter on revenue of $356 million. That is $8.30 a share, against the $4.70 analysts had expected. Its shares rose 13% to $760.

Atlas Lease Lab liquidated

Atlas Lease Lab has been liquidated after failing its restructuring. Its aircraft go to market.

Aeroflot orders Tupolevs

MOSCOW — Аэрофлот ordered 36 Tupolev Tu-134As. In the past week it has announced new routes from Moscow to Tartu, Palanga, Vologda, Kursk and the Solovetsky Islands, and from St. Petersburg to Budapest and Prague.

alpenxpress founded in Vienna

VIENNA — alpenxpress, founded by chef211, will fly from Vienna. Its shares are not trading.

Market soars 16.8% in a day

The share market rose 16.8%, despite a 15-minute pause in trading. Pacifica Airlines closed at $3,293, up 18%. Atlas Globe Airways reached $575 and Avalon Air $433. Hamburgerluft rose 20% to $131.

Ninth day of the collapse

The market fell 20% and trading stopped until the next day, as it had on most days of the week. Hamburgerluft lost 53% to close at $18.66. Atlas Globe Airways fell 34% to $132, and Pacifica Airlines ended at $504, less than a sixth of its peak ten days earlier.

First Boeing 727-200 Advanced for Pacifica

LOS ANGELES — Pacifica Airlines took delivery of the world's first Boeing 727-200 Advanced.

ivan airways in restructuring

DUBAI — ivan airways entered restructuring after missing three payments in 90 days. It must return to profit by 8 December or be liquidated.

Hollis Test Air founded

MINNEAPOLIS — Sam Hollis founded Hollis Test Air in Minneapolis.

First Caravelle 12 delivered

MINNEAPOLIS — Hollis Test Air took delivery of the world's first Aérospatiale Caravelle 12.

Hollis Test Air closes

MINNEAPOLIS — Hollis Test Air is winding down, closed by its owner nine days after it was founded.

Pacifica orders 737s

LOS ANGELES — Pacifica Airlines ordered 20 Boeing 737-200 Advanced.

HIGHLINE founded in Rome

ROME — HIGHLINE, founded by beko, raised $15.5 million from outside investors. The next day it announced daily flights from Rome to Levaldigi from 3 July.

HIGHLINE starts an alliance

ROME — HIGHLINE founded the THE HIGHLINE ALIANCE alliance.

HIGHLINE promotes its "premium" route

ROME — In an announcement, HIGHLINE described its new route as premium and promised passengers fun. It also launched a frequent-flyer programme.

Purpair lists its shares

PARIS — Purpair's investors' 33% stake began trading at $5.18 a share, valuing the airline at $77.7 million.

Avalon follows Pacifica with a 737 order

DALLAS — Avalon Air ordered 20 Boeing 737-200 Advanced, the same order Pacifica Airlines placed in June.

ivan airways liquidated

DUBAI — ivan airways has been liquidated after failing its restructuring. It was the first airline to fly the Fairchild F-27, delivered only in March.

Munich Games

MUNICH — Travellers from around the world are heading to Munich for the Summer Olympics.

Airlines move to their own currencies

Every airline and leasing company now keeps its accounts, loans, fares and share price in its home currency. Aircraft, fuel, leases and maintenance are still priced in dollars, so movements in exchange rates will change what these cost each company.

Sam Hollis returns with Rhein Main Air

FRANKFURT AM MAIN — Sam Hollis, whose Hollis Test Air closed in June, founded Rhein Main Air in Frankfurt am Main.

Alps Air to cross the Atlantic

ZURICH — Alps Air will fly Zurich–New York three times a week from 16 October, its first route across the Atlantic. It also announced Geneva–Copenhagen and Zurich–Frankfurt am Main.

Holland Airlines lists its shares

AMSTERDAM — Holland Airlines' investors' 33% stake began trading at $16.52 a share, valuing it at $248 million. The airline added Vienna and Rome to its network in July.

Pacifica to build a Los Angeles terminal

LOS ANGELES — Pacifica Airlines began building a 20-gate terminal at Los Angeles, due to open in December 1974. The airline opened hubs at Los Angeles and San Francisco in July.

Aeroflot reaches Karaganda and Kryvyi Rih

MOSCOW — Аэрофлот added daily Moscow flights to Kaluga, Tver, Kryvyi Rih, Karaganda and six other cities. More routes to Helsinki, Norilsk and Rostov-on-Don followed within the week.

Hajj season begins

JEDDAH — Pilgrims are flying to Jeddah and Medina ahead of the Hajj, which culminates at Arafat on 14 January 1973.