PACIFIC NORTHERN AIRLINES .- 
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 Pacific Northern Airlines, Inc. 
Directors: 
G. P. O'Grady 
Washington, D. C. 
W. E. Boeing, Jr. 
Seattle, Washington 
Paul Porzelt 
New York, New York 
R. A. Rowan 
Los Angeles, California 
Officers: 
M. B. Kirkpatrick 
Anchorage, Alaska 
C. W. Nelson 
Seattle, Washington 
A.G. Woodley 
Seattle, Washington 
A. G. Woodley, President and General Manager 
H. A. Olsen, Vice President-Traffic and Salts 
John A. Cunningham, Vice President-Operations 
J. H. Foster, Vice President-Engineering and Maintenance 
C. W. Nelson, Secretary-Treasurer 
M. E. Diamond, Assistant Secretary 
Dean B. Hart, Assistant Secretary 
General Counsel: G. P. O'Grady, 1625 Eye Street, Washington, D. C. 
General Offices: 1626 Exchange Building, Seattle, Washington 
City Ticket Offices: Anchorage 
Homer 
Kodiak 
Cordova 
A uditors: Lybrand, Ross Bros. & Montgomery 
Juneau 
Portland 
Kenai 
Seattle 
Transf er Agent: Bankers Trust Company, New York, New York 
Registrar: Manufacturers Trust Company, New York, New York 
Common Stock listed on 
the American Stock Exchange 
 2 
Highlights of 
1954 
NEW RECORDS WERE ESTABLISHED IN- 
Revenues 
Traffic 
Capacity 
Productivity 
Safety 
$6,474,693 
10,440,088 revenue ton miles 
16,482,695 available ton miles 
23,200 ton miles of revenue 
traffic per employee 
23rd consecutive year without 
a passenger fatality 
 To the Stockholders of 
Paci.fie Northern Airlines 
its Customers and Personnel 
The most significant aspect of 1954 opera- 
tions was the ability of the Company to 
maintain its traffic participation and to 
achieve financial gains despite adverse com- 
petitive conditions which prevailed during 
the year. 
Early in the spring of 1954 the two 
major competitors of the Company intro- 
duced DC-6B equipment on the Company's 
two principal routes, Seattle-Anchorage and 
Seattle-Juneau. The Civil Aeronautics Board 
permitted the operation of this higher-speed, 
pressurized equipment at the same fare 
levels which prevailed for DC-4 aircraft, 
then used by all carriers serving this area, 
and the Company was faced with a severe 
competitive handicap which continued 
throughout the year, mainly because of the 
time element inherent in obtaining replace- 
ment equipment. Although substantial traf- 
Financial 
Operating revenue in 1954 amounted to 
$6,474,693, a gain of 6 percent over the 
previous year and a new record for the 
Company. 
Operating expense of $6,397,988 during 
1954 was an increase of $358,684 over the 
preceding year. The largest element of this 
increase relates to additional charges for 
depreciation of flight equipment in the 
amount of $160,690. 1954 was the first full 
year of operation of the Company's entire 
fleet of five DC-4 aircraft, and the attendant 
rise in operating costs is a normal reflection 
of the use of additional equipment and 
expanded services. Non-operating expense 
was reduced by $25,237 to a total of $52,917. 
The Company realized net income of 
$21,651 after depreciation charges of 
$662,954. Because of the Company's tem- 
porary mail rate status, which is designed 
to permit a carrier to operate only on a 
break-even basis, this profit figure is pre- 
liminary and does not indicate the final 
fie diversion resulted from this unequal 
situation, the Company succeeded in estab- 
lishing traffic gains over the preceding year. 
In February 1955, the Company nego- 
tiated a lease arrangement for three Lock- 
heed Constellation aircraft, which will be 
put into service during April of this year. 
It is confidently anticipated that the em- 
ployment of pressurized equipment will 
enable the Company to recapture its leading 
position in the Alaskan travel market and 
offset the temporary growth interruption 
experienced during 1954. 
The acquisition of the Constellations 
has made it possible for the Company to 
dispose of three of its DC-4 aircraft. The 
Company's fleet during the remainder of 
1955 will therefore consist of three Lock- 
heed Constellations, two DC-4's and four 
DC-3's. 
financial results of the year's operations. 
During 1954 the Company received a total 
of $2,030,395 in mail compensation from 
the United States Government, equivalent 
to approximately 30 percent of total opera- 
ting revenues for the year. The Company 
has been operating under a temporary mail 
rate since February 10, 1954, and all mail 
pay received subsequent to that date will 
be subject to adjustments by the Civil 
Aeronautics Board when permanent rates 
of mail compensation are established. Until 
these final computations have been made 
by the Board, in conference with the Com- 
pany, it is impossible to state the actual 
profit element for 1954 operations. 
With the sale of its surplus flight equip- 
ment the Company paid its entire bank loan 
obligations, leaving a remaining debt of 
$158,000. In addition to this important 
reduction in long-term debt, 1954 opera- 
tions resulted in a net increase in working 
capital of $281,000 over 1953. 
3 
 4 
Tra.ffic and Sales 
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The Company established new system 
records in each class of traffic during 1954. 
Although the gain over 1953 was relatively 
slight-10,440,000 total revenue ton miles 
in 1954 as compared to 10,169,000 during 
the preceding year-this increase carries 
added significance when consideration is 
given to the competitive handicap which 
existed during most of 1954 with respect to 
aircraft equipment. 
Revenue passenger miles increased from 
58,977,000 in 1953 to a new high of 59,610,- 
000 during 1954. A gain .of 5 per cent was 
reflected in the 3,338,000 ton miles of air 
cargo and revenue baggage carried in 1954. 
The volume of U.S. mail increased from 
750,000 ton miles last year to 881,000 ton 
miles in 1954, growth of 18 percent. 
The Company succeeded in maintaining 
its 1953 overall revenue load factor of 63 
percent, which is the second highest reve- 
nue load factor of any carrier operating 
under the American flag. This enviable 
record demonstrates the public necessity of 
air transportation between the United States 
and Alaska, and within Alaska, where pas- 
senger service by air is an absolute necessity 
and air cargo and mail service by air are 
required to a much greater extent than in 
any other area of the world. 
Principa I services in operation 
Services applied for 
A A 
E 
 Personnel 
The high morale, loyalty, and efficiency of the Company's entire 
staff of personnel were evidenced in many ways during the 
year. In achieving over 23,000 ton miles of revenue traffic per 
employee in 1954, the Company surpassed all productivity 
records of previous years. This new level of efficiency further 
improved the Company's position among the foremost carriers 
in the entire aviation industry. 
Safety 
1954 added the twenty-third year to the Company's unbroken 
record of safe operation and marked the completion of a 
quarter of a billion passenger miles without a fatality. This 
accomplishment again qualifies the Company to receive the 
Aviation Safety Award of the National Safety Council. 
A Decade of Rapid Growth 
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ATIONAL 
SAFETY COUNCIL 
1954 
AVIATION 
SAFETY 
AWARD 
. 
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and Improved Efficiency 
5 YEARS AGO 10 YEARS AGO 
1954 1949 1944 
Total Revenues . $6,475,000 $1,535,000 $258,000 
Ton Miles of Revenue Traffic: 
Passenger 6,221,000 897,000 124,000 
Mail . 881,000 94,000 l 0,000 
Cargo 3,338,000 180,000 19,000 
Total Traffic 10,440,000 1,171,000 153,000 
Available Ton Miles of Capacity . 16,483,000 2,312,000 312,000 
Plane Load Factor 63% 51% 49% 
Unit Costs per Revenue Ton Mile 61 C $1.31 $1.49 
5 
 6 
Civil Aeronautics Board 
O verseas Route Renewal 
ix ~onths have now elapsed since the 
Civil Aeronautics Board heard oral argu- 
ment on the Company's application for 
renewal and extension of its overseas routes 
between the United States and Alaska. Al- 
though oral argument represented the last 
procedural step to be completed in pro- 
cessing the application, the Board has not 
yet issued its final orders. 
Meanwhile, the Civil Aeronautics Board 
is reported to have reached several tentative 
decisions in its prolonged consideration of 
the States-Alaska Case, which also involves 
similar appli~ations filed by Northwest Air- 
lines, Pan American and Alaska Airlines. 
In December it was reported in the national 
press that the Board had voted not to renew 
Pacific Northern's certificate, and that the 
overseas routes now operated by the Com- 
pany would be turned over to Pan American. 
These news releases of the Board's con- 
templated decision spontaneously touched 
off an unprecedented storm of public pro- 
test throughout the entire Territory of 
Alaska and the Pacific Northwest. Without 
solicitation by the Management, the general 
public sent thousands of letters and tele- 
grams to the Board and to the White House, 
strongly objecting to the elimination of 
Pacific Northern's overseas services and 
to the unwarranted creation of a virtual air 
route monopoly for Pan American. 
This widespread public protest was vigor- 
ously supported by the entire congressional 
delegations of Oregon, Washington and 
Alaska, and by virtually all of the leading 
business concerns and labor unions having 
trade interests in Alaska. The state legis- 
latures of Oregon and Washington unani- 
mously passed resolutions urging recon- 
sideration by the Board and the President. 
Strong editorial support was contributed by 
leading newspapers throughout the Pacific 
Northwest and Alaska, and the issue was 
repeatedly highlighted by radio and tele- 
vision commentators. 
It is probable that no other issue, not 
even the question of statehood, had ever 
stirred the Alaskan public and the residents 
 of the Pacific Northwest into such a spon- 
taneous and vigorous expression of senti- 
ment. In the entire history of the Civil 
Aeronautics Board this amazing demonstra- 
tion of articulate public opinion was without 
precedent. Although its final opinion in the 
case has not yet been announced, the Board 
unquestionably will reconsider its tentative 
vote of last December. The Management is 
completely confident that the final decision 
will result in recertification of Pacific 
Northern's overseas routes. Considerations 
of public need and the Company's demon- 
strated record of fitness and ability make it 
inconceivable that there could be any other 
outcome. All other routes of the Company 
are permanently certificated, and therefore 
are not subject to periodic review by the 
Board. 
M erger Negotiations 
Final decision was reached during 1954 
concerning the possibility of merger be- 
tween Pacific Northern and Alaska Airlines. 
Every facet of the complex problem was ex- 
haustively analyzed during the summer 
months, and in October the Management 
of Pacific Northern met with the principals 
of Alaska Airlines in Washington, D. C., for 
an entire week of formal negotiations. As a 
result of these discussions, the Manage- 
ment of Pacific Northern formally advised 
Alaska Airlines on January 31, 1955, that 
a merger clearly could not contribute to 
any properly pertinent objective, and that 
it would be contrary to the public interest 
and detrimental to the future of Pacific 
Northern. Since that date there have been 
no further communications concerning 
merger with Alaska Airlines, and the Com- 
pany now considers the matter closed. 
 The Year Ahead 
Without question, the formidable obstacles which confronted 
the Company during 1954 are now being successfully overcome. 
The Management has complete confidence that 1955 operations 
will witness further rapid strides in the continued growth of 
both the Company and the Territory of Alaska. The inaugura- 
tion of Constellation services this month will fully restore 
Pacific Northern's competitive position and will enable the 
Company to recapture and enhance the rapid growth potential 
of preceding years. 
Final decision of the Civil Aeronautics Board concerning 
the recertification of the Company's overseas routes is expected 
momentarily. Renewal of this important franchise will serve to 
eliminate the atmosphere of uncertainty which has clouded 
recent efforts to implement plans for sound, future expansion. 
The basic economy of the Territory of Alaska holds better 
promise in 1955 than ever before. Several major pulp and timber 
enterprises are now being organized which can quickly trans- 
form certain undeveloped areas in Southeastern Alaska into 
thriving communities. Petroleum exploration projects are being 
initiated on a large scale in numerous locations in Alaska, and 
large military construction projects are underway at many of 
the towns served directly by the Company. Substantial interest 
has been demonstrated in the Territory's abundant mineral 
resources, with particular emphasis upon strategic metals. The 
climate and the natural scenery of Alaska offer a summer's 
paradise to the vacation traveler, and the 1955 volume of tourist 
trade will undoubtedly exceed all previous records. 
The decade which has elapsed since the close of World War 
II has witnessed the dynamic transformation of the Territory 
from an isolated frontier into a thriving area of rapidly growing 
population and accelerating industrial activity. The vast natural 
resources of Alaska are now at the verge of a new surge of 
development. The impact of this activity must reflect itselrin 
the further substantial growth of Pacific Northern, for the 
destiny of the Company is linked inseparably with that of 
the Territory. 
Respectfully submitted, 
April 11, 1955 President and General Manager 
7 
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Announcing . .... . 
L 
PACIFIC NORTHERN 
The inauguration of pressurized, 300 mile-per-hour Lockheed Constellation service 
on the Company's overseas routes in April of 1955 
These aircraft offer to the traveling public the maximum in speed, comfort 
and dependable performance, and they represent another important advance 
in Pacific orthern's 23-year record of continuous service to the Territory 
of Alaska. 
The new Constellation services provide the ultimate in relaxing passenger 
comfort. The most outstanding features include- 
PRESSURIZATION to sea level comfort. 
Two ABREAST SEATING with plenty of leg room, wide aisles, and reversible 
foam rubber seats which enable family and social groups of four to 
travel together. 
REVERSIBLE PITCH PROPELLERS for added safety reserves. 
RUBBER INSULATION to insure a minimum of noise and vibration. 
Arn CONDITIONING to maintain constant temperature on the ground and 
in flight. 
DELICIOUS MEALS and attractive service by highly trained stewardesses. 
300 MILE-PER-HOUR SPEED to reduce flight times by 25%. 
9 
 10 
New Developments 
in the Growing Economy of Alaska 
POPULATION-Continued growth at the most rapid 
rate of any area in the United States or its possessions. 
FISHERIES-Recovery from cyclic reverses with 1954 
total production valued at approximately $100 million. 
Alaska's comparatively new crab industry is expand- 
ing at an accelerated rate with the 1954 crab pack 
valued at over $2.5 million. A rapidly growing volume 
of crab is now being exported from the Territory by air. 
MINING-Uranium, mercury, tin, tungsten, nickel, 
and cobalt head the list of strategic metals which are 
being aggressively explored by Alaskan mining inter- 
ests. In Southeastern Alaska the U.S. Steel Company 
has recently acquired extensive iron deposit claims; 
the Kaiser Corporation has acquired title to large 
gypsum deposits; and Quebec Metallurgicallndustries, 
Ltd. has initiated an extensive exploratory program 
of magnetite deposits. 1954 total mineral production 
in Alaska totaled over $24 million. 
PETROLEUM-Eight major oil companies plus a num- 
ber of small organizations are actively exploring petro- 
leum prospects along the Company's Alaskan routes. 
Phillips Petroleum, Havenstrite and Associates, and 
the Alaska Oil Development Company commenced 
drilling operations during 1954. Standard Oil and 
Richfield Oil Company have now completed leasing 
arrangements and are expected to begin field opera- 
tions in 1955. Texas Oil Company, Union Oil, Ohio 
Oil, and Humble Oil Company are all presently active 
in the Territory. 
PULP AND TIMBER-The Ketchikan Pulp Company, 
a joint venture of American Viscose Company and 
Puget Sound Pulp and Paper Company, began pro- 
duction in its $52 million dissolving pulp plant near 
Ketchikan in July 1954. Georgia-Pacific Plywood Cor- 
poration was granted a Certificate of Nece_ 
ssity in 1954 
for a $54 million newsprint plant in the Juneau area. 
The Pacific Northern Timber Company of Portland, 
Oregon, plans to have a sawmill in operation by 1957 
and a pulp mill by 1962. The Alaska Pulp Company 
formed in Japan and the Alaska Lumber and Pulp 
Company, its Alaskan subsidiary, have made applica- 
tion to the Forest Service for construction of a saw- 
mill with a daily capacity of 70,000 board feet and a 
300 ton per day pulp mill. 
HYDROELECTRIC POWER-During 1954 Ventures,Ltd. 
and Frobisher, Ltd. received permits to commence 
work on a $269 million power development program 
at the Canadian border near Juneau. The Harvey 
Aluminum Company also received permits to begin 
engineering surveys of a power development near 
Cordova which has a potential of 7 billion kw annually. 
MILITARY CONSTRUCTION-A billion .dollar Defense 
construction program in Alaska and northern Canada 
was announced jointly by the United States and 
Canadian governments in 1954. 
 Pacific Northern Airlines, Inc. 
Statement of Income and Earned Surplus 
for the year ended December 31, 1954 
OPERATING REVENUES: 
Passenger . 
Air mail . 
Cargo .. 
Excess baggage . 
Other transport service 
Incidental revenues, net . 
Total . . . 
OPERATING EXPENSES: 
Flying operations . 
Direct maintenance-flight equipment . 
Gro!,lnd operations . . . . . . . 
Ground and indirect maintenance . 
Passenger service . . . 
Traffic and sales . . . . . 
Advertising and publicity . 
General and administrative 
Depreciati~n: 
Flight equipment . . . 
Ground equipment . . 
Operating income 
DEDUCTIONS FROM INCOME: 
Interest on long-term notes 
Other interest . . 
Miscellaneous, net . . . . 
Profit before taxes on income 
PROVISIONS FOR Federal and Territorial income taxes . 
Net income . .. .. . 
EARNED SURPLUS, January 1, 1954 . 
EARNED SURPLUS, December 31, 1954 
$2,037,323 
736,551 
845,837 
510,406 
411,419 
677,037 
84,047 
432,414 
586,302 
76,652 
41,690 
9,592 
1,635 
. $ 
The accompanying notes are an integral part of the financial statements. 
$3,385,771 
2,030,395 
891,813 
43,876 
82,845 
39,993 
6,474,693 
6,397,988 
76,705 
52,917 
23,788 
2,137 
21,651 
46,289 
67,940 
11 
 12 
PACIFIC NORTHERN AIRLINES, INC. 
December 31, 1954 
Current: 
Cash. 
Receivables: 
Traffic balances 
United States Government. 
Other . . . . . . . . . 
Less, Allowance for losses . . . 
ASSETS 
Maintenance and operating supplies, at average cost . 
Prepaid expenses, mainly insurance . 
Total current assets 
Investments: 
Cash surrender value of life insurance . 
Aeronautical Radio, Inc. stock, at cost . 
Property and Equipment, most of which is pledged as collateral for debt (at cost 
to the Company or predecessor): 
Flight equipment . . . . . . . . . . . . . 
Ground equipment . . . ., . . . . . . . 
Buildings and improvements to leased property 
Replacement parts for flight equipment 
Construction work in progress . . . . . . . . 
Property Acquisition Adjustment, Unamortized . 
Route Extension and Development, at Cost . 
Other Deferred Charges . . . . . . . 
Cost 
$3,306,360 
392,409 
273,520 
192,803 
31,520 
$4,196,612 
$ 237,728 
479,989 
46,206 
763,923 
22,904 
15,488 
1,000 
Allowances 
for 
Depreciation 
$1,965,235 
209,140 
92,807 
122,703 
$2,389,885 
The accompanying notes are an integral part of the financial statements. 
$ 204,436 
741,019 
138,324 
157,014 
1,240,793 
16,488 
1,806,727 
130,020 
43,140 
13,788 
$3,250,956 
( An Alaska Corporation) 
Current: 
Current portion of long-term debt 
Accounts payable: 
LIABILITIES 
Trade . . . . . . . . . . . . . . . . .       
Taxes withheld or collected for benefit of taxing authorities . 
Accrued liabilities: 
Salaries and wages . . . . . 
Insurance and miscellaneous . 
Interest . . . . . . . . . . 
Taxes other than federal income taxes . 
Provision for federal income taxes 
Air travel plan deposits . . . . . 
Unearned transportation revenue . 
Total current liabilities . . 
Reserve for income tax contingencies 
Long-term debt: 
Chattel mortgage notes to bank . . . . . . . . . . . . .  . 
Chattel mortgage note, for equipment purchase . . . . . . . . . . 
Demand notes payable to stockholders, subordinated to above mortgage notes 
to bank . . . . . . . . . . . . .. . . . . . . . . . . . . . . 
Less, Amount included in current liabilities 
Total liabilities 
Commitments (See notes) 
CAPITAL AND SURPLUS 
Common Stock, authorized 2,000,000 shares, par value $1 each, issued and out- 
standing 1,068,109 shares . . . . . . . . . . . . . . . . - . .   
Paid-in Surplus, excess of net proceeds from 401,665 shares of common stock 
over par value-no change during 1954 . . . . . . . . . . . 
Earned Surplus, of which $58,980 is restricted, statement annexed 
$ 
$ 356,427 
462,045 
56,892 518,937 
83,999 
75,453 
10,058 
22,588 192,098 
2,100 
8,925 
56,539 
1,135,026 
142,000 
444,800 
39,603 
125,000 
609,403 
356,427 252,976 
1,530,002 
1,068,109 
584,905 
67,940 1,720,954 
$3,250,956 
The accompanying notes are an integral part of the financial statements. 
13 
 14 
Notes to Financial Statements 
PROPERTY AND EQUIPMENT: The Company owns four 
and has under lease one DC-4 aircraft. The lease, 
containing a purchase option, expires in June 1955. 
In February 1955 an agreement was entered into 
for the sale of two of the Company's DC-4 aircraft 
-one for delivery in March and the other for 
delivery in April 1955. Part of the proceeds of the 
sale, which was at more than book value, has been 
used to pay the chattel mortgage notes to bank. 
In March 1955 the Company entered into a one- 
year renewable lease for three Constellation aircraft 
and certain related equipment, the rental for which 
is payable monthly. 
The Company has instructed the vendor to sell a 
prefabricated hangar, estimated to cost $71,500, on 
which a deposit of $23,833, included in construction 
in progress, was made during 1951; and is working on 
plans under which it is expected that the full value of 
the deposit will ultimately be realized. 
UNITED STATES MAIL: The Company is a certificated 
air carrier, subject to regulation by the Civil Aero- 
nautics Board. Since February 10, 1954, payments 
have been received for carrying air mail under tem- 
porary rates which are subject to increases or de- 
creases upon final determination by the Civil Aero- 
nautics Board. 
LONG-TERM DEBT: Substantially all of the flight 
equipment and $102,874 of ground property and equip- 
ment were pledged as collateral for long-term debt 
which consisted of the following at December 31, 1954: 
Payable Non- 
within one current 
year portion 
Chattel mortgage notes to bank $333,600 $111,200 
Chattel mortgage for equip- 
ment purchase, payable in 
monthly installments, inter- 
est 5% 22,827 16,776 
Demand notes payable to stock- 
holders, dated March 6, 
1953, interest 6%, payable 
quarterly, subordinated to 
above mortgage notes to 
bank 125,000 
Totals. $356,427 $252,976 
The chattel mortgage notes to bank were paid in 
full from proceeds from the sale of the DC-4 airplanes 
referred to in a preceding note; and the restrictions 
on earned surplus, referred ~o on the balance sheet, 
were thereby released. 
COMMITMENTS: Minimum annual rentals of real prop- 
erty under leases of two or more years' unexpired terms 
aggregate $54,305. Of this amount $45,174 relates to 
leases which expire within two to five years. See also 
comments under Property and Equipment regarding 
leases of airplanes and construction in progress. 
 Auditor's Report 
LYBRAND, Ross BRos. & MONTGOMERY 
RESIDENT PARTNER 
ROBERT L . AIKEN 
CERTIFIED PUBLIC ACCOUNTANTS 
SKINNER BUILDING 
SEATTLE I 
Pacific Northern Airlines, Inc. 
Seattle, Washington 
We have examined the balance sheet of 
PACIFIC NORTHERN AIRLINES, INC. 
Nt:'W YO RK 
PHILAOEL,HIA 
CH ICAGO 
BOSTON 
BALTIMORE 
WASHINGTON 
,_,ITTSBUROM 
DETlllOIT 
CLEVE.LANO 
CINCINNATI 
RO CK,.ORO 
TULSA 
ST. LOUIS 
LOUIS\oflLLE. 
l!IIRM IMGMAM 
DALLAS 
MOUSTON 
SAN ,."ANCISCO 
LOS ANOE.LES 
SE ... TTLI: 
LONDON 
...... ,. 
.. 
as of December 31, 1954, and the related statement of income and 
earned surplus for the year then ended. It was not practicable to 
confirm the balances receivable from the United States Government. 
We satisfied ourselves as to these balances by means of other auditing 
procedures. Our examination was made in accordance with generally 
accepted auditing standards, and accordingly included such tests of 
the accounting records and such other auditing procedures as we con- 
sidered necessary in the circumstances. 
In our opinion, the accompanying balance sheet and statement 
of income and earned surplus present fairly the financial position of 
Pacific Northern Airlines, Inc. at December 31, 1954, and the results 
of its operations for the year then ended, in conformity with generally 
accepted accounting principles applied on a consistent basis. 
Seattle, Washington 
April 11, 19 55 
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llow is a good time 
~ for your trip to 
~ALA.SKA.! 
+' Fly North to see Alaska at its best 
' with PNA-PACIFIC NORTHERN AIRLINES 
Visitors will find excellent resort and hotel accommodations readily 
available. Industrial and business opportunities invite the attention 
of many visitors to a careful inspection of Alaska's vast resources. 
Exceptional fishing and hunting exist right at the edge of most Alaska 
towns. Camera subjects are so plentiful that you'll have a rich 
harvest of pictures from even a short visit to Alaska this fall. 
Best of all, you can plan your trip to Alaska to suit your own 
convenience. Pacific Northern 4-engine Flagliners fly three times every 
day from the Pacific Northwest to Alaska. Fare to Juneau, Alaska's 
capital, is $55 plus tax- to Anchorage, Alaska's largest city, $75 plus tax. 
You can fly North via Juneau to Anchorage and then return nonstop 
to Seattle. Convenient connections from Juneau to all of southeastern 
Alaska and from Anchorage to interior and western.Alaska. 
I 
PACIFIC NORTHERN AIRLINES 
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