*1954 is the First Year the CAB has

separated subsidy from service mail pay

CIVIL AERONAUTICS ACT AMENDMENTS OF 1955

There should be New Competition

in Air Transportation

AIRLINES ARE NOT LIKE
PUBLIC UTILITIES

CHART 17

Electric Utilities have seven times as much investment per dollar of sales as Air Carriers

$3.24

ratio of Investment to Sales

$0.45

Elec.
Utilities

Air

Carriers

73