	pan am s pn main unit to report smaller loss pan am corp said its largest division the atlantic will report a first quarter loss that will be substantially lower than that reported a year ago in the st qtr pan am reported a net loss of mln dlrs which included foreign exchange losses of mln the company did not say how much the atlantic division lost pan am also said it is encouraged by passenger traffic results so far this year as well as booking trends in january and february the airline said total systemwide revenue passenger miles were up five pct and pct respectively over the same months last year it also said that based on current trends its largest division should report vastly improved second quarter traffic compared to last year which resulted in a load factor of pct for the second quarter of pan am also said its principal subsidiary pan american world airways had a net loss of mln dlrs compared with a profit of mln dlrs in which included a gain of mln dlrs for the sale of its pacific division it said the airline s operating loss for the year was mln dlrs compared with a operating profit of mln dlrs in reuter 
