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During a fierce storm at sea, Lieutenant Raymond Dower courageously rescues the crew of a sinking ship, including the captain, Tobias Bliss. The injured Tobias is picked up by a seaplane commanded by Ray's roommate, Speed Bradshaw. Speed is a boisterous Coast Guard pilot with a talent for charming the ladies with tales of his heroic deeds, and his co-pilot, O'Hara, envies him. While Speed pursues a nurse, Ray visits Tobias in the hospital and meets his lovely granddaughter Nancy. Ray falls in love with Nancy, but Speed advises that his gentlemanly technique is wrong. When Ray is sent on an emergency call to aid survivors of a sudden flood, Speed is left alone with Nancy and soon falls in love with her. Speed promises to end his philandering, and the couple are married. When Ray calls on them one evening however, he finds that Speed has disappeared for an evening with friends, leaving Nancy behind. After enduring many lonely nights, Nancy finally leaves Speed, much to his chagrin. Sent on an assignment, Speed performs stunts while flying over her house and crashes the airplane. Although unhurt, Speed is grounded. Meanwhile, Ray is dispatched in an ice-breaker to rescue some stranded whalers. In the Arctic, an Eskimo guide leads Ray and a dog sled team carrying a wounded whaler back to the ship. Ray becomes lost, and after an unsuccessful search by the Coast Guard, Nancy pleads with Speed to help find Ray. Speed, who is experienced in Arctic flying, receives permission to look for his friend. After spotting Ray from the air, Speed and O'Hara crash into the snow. In a miraculous takeoff, they manage to start the plane by sliding down a mountain and turning on the engine while the aircraft soars through the air. Speed returns home to find Nancy waiting for him, pleased that he stood by his friend.