£63,000 Profit for TEAL
p. 26 · Read in the full issue
The annual report for 1955-56, just released by TEAL, shows that the company made a profit of £63,338 in the period—slightly more than in the previous year. It is not clear from the information we have whether this was after making allowance for the £58,000 loss shown in respect of the Coral route to Tahiti —or whether TEAL keeps this Suva-Tahiti flying-boat service separately for accounting purposes.
The company believes that its DC6 aircraft have a life of another four years but that if NZ is not to withdraw from the Tahiti service, which requires the use of un economic flying-boats, some pro gramme of airfield construction will have to be instituted.