What does it cost to operate an airline? English and French companies generally guard this secret. But the Franco-Rumanian Air Transport Company, which carries passengers, freight and mail from Paris to Bucharest across Central Europe, gave figures. It spent 17,000,000 francs in 1923, or about $850,000, flying 10,090 hr. and 800,000 mi.—something over a dollar a mile. How was the dollar spent? Twenty-five cents for depreciation, 25c. for upkeep of plane and motor, 12c. for fuel and oil, 3c. for automobile transportation, 20c. for pay of pilots and other personnel, 4c. for...
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