Word: patterson
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...illustrate air v. ground-carriers' problems Patterson cited two examples...
...Patterson, with United's research department and years of experience with freight traffic behind him, comes up with a different set of figures. Not 45,000 planes, says he, but a fantastic 600,000. Any such fleet would need 2.5 million pilots, a total airline personnel of 20,000,000, plus 122 billion gallons of gasoline per year-two and one-half times the world's pre-war gasoline cracking capacity...
...factors that Patterson's seasoned traffic experts have considered and others must have overlooked...
These figures are based on today's costs and airplanes. Said Patterson: "There is still much uncertainty as to the cost of operating the giant airliners projected for the future." The most optimistic figures after considering a 100% increase in traffic and all known airplane improvements, is a freight rate of 10? per ton-mile. This is some 60% under present charges, but above the 9⅓ mills per ton-mile for rail freight and about 1½ mills for steamer...
More cheering to aviation enthusiasts was Patterson's belief that the air lines will be kept busy pioneering new commercial routes, that they have a whole unexplored new world to conquer where transportation is inadequate...