HC Deb 28 April 1969 vol 782 cc184-5W
Mr. Mikardo

asked the President of the Board of Trade whether he will bring up to date the figures for British European Airways and 13 foreign airlines showing their profits, before payment of taxes and interest on capital, as a percentage of their net assets which are given on page 280 of House of Commons Paper 673 which was ordered to be printed on 27th October, 1967; and whether he

ANNUAL YIELD OF SOME MAJOR AIRLINES
Profit before payment of taxes and interest on capital, as a percentage of net assets
Year B.E.A. B.O.A.C. Aer Lingus K.L.M. Air France
1958 … … … … 4.8 -7.1 1.9 1.0 -4.5
1959 … … … … 7.7 3.4 2.5 0.8 -0.9
1960 … … … … 6.5 2.7 5.5 1.6 -1.7
1961 … … … … 0.7 -26.5 1.5 -9.6 0.02
1962 … … … … 2.1 -12.1 -1.1 -8.1 -1.9
1963 … … … … 8.3 -6.6 5.3 -5.9 -2.0
1964 … … … … 5.8 15.2 0.7 1.9 1.0
1965 … … … … 5.4 9.6 1.3 13.2 5.0
1966 … … … … 4.8 21.7 3.4 14.8 7.8
1967 … … … … 2.7 17.1 -1.9 9.6 not available
Weighted Average 1958–1967 … 4.7 2.4 1.6 1.8 0.8

Year Alitalia Lufthansa Swissair Qantas Air Canada
1958 … … … … -4.2 -14.6 5.7 0.01 3.2
1959 … … … … 1.0 -15.4 6.5 2.6 2.0
1960 … … … … 0.5 -12.0 4.6 5.4 0.8
1961 … … … … 6.3 -27.3 1.4 3.1 1.1
1962 … … … … 6.7 -7.1 5.5 6.4 2.8
1963 … … … … 5.2 0.8 6.1 8.8 4.6
1964 … … … … 4.2 9.1 6.8 9.7 4.7
1965 … … … … 7.6 10.2 7.2 9.3 5.2
1966 … … … … 6.3 11.4 8.0 2.9 5.6
1967 … … … … 7.0 4.0 7.2 7.6 5.6
Weighted Average 1958–1967 … 5.2 -0.2 6.1 6.1 3.8

Year P.A.A. T.W.A. Delta Braniff Eastern
1958 … … … … 4.7 -0.4 11.7 -0.9 6.7
1959 … … … … 5.6 11.6 8.1 10.0 6.7
1960 … … … … 6.0 7.1 9.1 4.3 -0.6
1961 … … … … 6.3 -10.5 11.9 3.9 -5.9
1962 … … … … 10.1 2.0 23.7 6.5 -3.9
1963 … … … … 18.3 9.7 19.4 4.6 -4.5
1964 … … … … 14.3 18.9 22.3 1.4 1.7
1965 … … … … 14.9 18.9 27.8 14.5 11.8
1966 … … … … 19.4 11.2 35.2 12.0 5.9
1967 … … … … 11.6 8.2 21.4 5.0 7.7
Weighted Average 1958–1967 … 12.1 7.1 21.9 7.8 3.2
Note: The figures for B.E.A. for the years 1959 to 1962 differ from those given on page 280 of House of Commons paper 673 in that special items written-off against profits for the year or reserves created from profits of previous years have been deducted from profit before calculating return on net assets.
Because of some lack of detail in financial data published by I.C.A.O., particularly in respect of interest payable, the figures for foreign airlines in this table may not be strictly comparable with those of B.E.A and B.O.A.C., which are based on the detailed financial information published in the Corporations' annual reports and accounts.