Chart of Profit and Loss Accounts

  1. Law
  2. CFR 14
  3. Aeronautics and Space
  4. Office of the Secretary, Department of Transportation (Aviation Proceedings)
  5. Economic Regulations
  6. Uniform System of Accounts and Reports for Large Certificated Air Carriers
  7. Profit and Loss Classification
  8. Chart of Profit and Loss Accounts

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Section 7 Chart of Profit and Loss Accounts

Expand Table
Objective classification of profit and loss elements Functional or financial activity to which applicable (00)
Group I carriers Group II carriers Group III carriers
operating revenues and expenses
Transport revenues:
01 Passenger:
01.1 Passenger - first class 31, 32 31, 32 31, 32.
01.2 Passenger - coach 31, 32 31, 32 31, 32.
05 Mail:
05.1 Priority 31, 32 31, 32 31, 32.
05.2 Nonpriority 31, 32 31, 32 31, 32.
05.3 Foreign 31, 32 31, 32 31, 32.
06 Property:
06.1 Freight 31, 32 31, 32 31, 32.
06.2 Excess passenger baggage 31, 32 31, 32 31, 32.
07 Charter:
07.1 Passenger 32 32 32.
07.2 Property 32 32 32.
19 Air transport - other:
19.1 Reservation cancellation fees 31, 32 31, 32 31, 32.
19.2 Miscellaneous operating revenues 31, 32 31, 32 31, 32.
08 Public service revenues (subsidy) 48 48 48.
Transport-related revenues and expenses:
09 In-flight sales:
09.1 Liquor and food - gross revenues 48 48 48.
09.2 Movies and stereo - gross revenues 48 48 48.
09.3 Other - gross revenues 48 48 48.
09.4 Liquor and food - depreciation expense 71 71 71.
09.5 Liquor and food - other expense 71 71 71.
09.6 Movies and stereo - depreciation expense 71 71 71.
09.7 Movies and stereo - other expense 71 71 71.
09.8 Other - depreciation expense 71 71 71.
09.9 Other - expense 71 71 71.
10 Restaurant and food service (ground):
10.1 Gross revenues 48 48 48.
10.2 Depreciation expense 71 71 71.
10.3 Other expenses 71 71 71.
11 Rents:
11.1 Gross revenues 48 48 48.
11.2 Depreciation expense 71 71 71.
11.3 Other expenses 71 71 71.
12 Limousine service:
12.1 Gross revenues 48 48 48.
12.2 Depreciation expense 71 71 71.
12.3 Other expenses 71 71 71.
13 Interchange sales:
13.1 Associated companies - gross revenues 48 48 48.
13.2 Outside - gross revenues 48 48 48.
13.3 Associated companies - depreciation expense 71 71 71.
13.4 Associated companies - other expense 71 71 71.
13.5 Outside - depreciation expense 71 71 71.
13.6 Outside - other expense 71 71 71.
14 General service sales:
14.1 Associated companies - gross revenues 48 48 48.
14.2 Outside - gross revenues 48 48 48.
14.3 Associated companies - depreciation expense 71 71 71.
14.4 Associated companies - other expense 71 71 71.
14.5 Outside - depreciation expense 71 71 71.
14.6 Outside - other expense 71 71 71.
16 Substitute (replacement) service:
16.1 Gross revenues 48 48 48.
16.2 Expense 71 71 71.
17 Air cargo service:
17.1 Gross revenues 48 48 48.
17.2 Depreciation expense 71 71 71.
17.3 Other expense 71 71 71.
18 Other transport related items:
18.1 Gross revenues 48 48 48.
18.2 Depreciation expense 71 71 71.
18.3 Other expense 71 71 71.
19 Other operating revenues:
19.1 Reservations cancellation fees 31, 32 31, 32 31, 32.
19.9 Miscellaneous operating revenues 31, 32, 41 31, 32, 41 31, 32, 41.
Transport expenses:
21 General management personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
23 Pilots and copilots 51 51 51.
24 Other flight personnel 51, 69 51, 55 51, 55.
25 Maintenance labor:
25.1 Labor - airframes and other flight equipment 52 52.
25.2 Labor - aircraft engines 52 52.
25.6 Labor - flight equipment 52
25.9 Labor - ground property and equipment 52, 53 52, 53 52, 53.
26 Aircraft and traffic handling personnel 69
26.1 General aircraft and traffic handling personnel 64, 67 61, 62, 63, 65.
26.2 Aircraft control personnel 64 61.
26.3 Passenger handling personnel 64, 67 62, 65.
26.4 Cargo handling personnel 64, 67 62, 65.
28 Trainees, instructors and unallocated shop labor:
28.1 Trainees and instructors 51, 53, 69 51, 53, 55, 64,67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68.
28.2 Unallocated shop labor 53 53 53.
30 Communications personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
31 Recordkeeping and statistical personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
32 Lawyers and law clerks 69 68 68.
33 Traffic solicitors 69 67 65.
34 Purchasing personnel 53, 69 53, 68 53, 68.
35 Other personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
36 Personnel expenses 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68.
37 Communications purchased 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
38 Light, heat, power, and water 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
39 Traffic commissions 69
39.1 Commissions - passenger 67 65.
39.2 Commissions - property 67 65.
40 Legal fees and expenses 69 68 68.
41 Professional and technical fees and expenses 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68
43 General services purchased:
43.1 Airframe and other flight equipment repairs 52 52
43.2 Aircraft engine repairs 52 52
43.6 Flight equipment repairs 52
43.7 Aircraft interchange charges 51, 52 51, 52 51, 52
43.8 General interchange service charges 52, 69 52, 55, 64, 67, 68 52, 55, 61, 62, 63, 65, 66, 68
43.9 Other services 52, 53, 69 52, 53, 55, 64, 67, 68 52, 53, 55, 61, 62, 63, 65, 66, 68
44 Landing fees 69 64 61.
45 Aircraft fuels and oils 51
45.1 Aircraft fuels 51 51.
45.2 Aircraft oils 51 51.
46 Maintenance materials:
46.1 Airframes and other flight equipment 52 52
46.2 Aircraft engines 52 52.
46.6 Flight equipment 52
46.9 Ground property and equipment 52, 53 52, 53 52, 53.
47 Rentals 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68.
49 Shop and servicing supplies 53, 69 53, 64 53, 61.
50 Stationery, printing, and office supplies 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
51 Passenger food expense 69 55 55.
53 Other supplies 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68.
54 Inventory adjustments 53, 69 53, 55 53, 55.
55 Insurance - general 51, 53, 69 51, 53, 68 51, 53, 68.
56 Insurance - traffic liability 69 55, 64 55, 62.
57 Employee benefits and pensions 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68.
58 Injuries, loss and damage 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68.
59 Schedules and timetables 69 67 65, 66.
60 Advertising 69 67 66.
61 Foreign exchange gains and losses 69 68 68.
62 Other promotional and publicity expenses 69 67 66.
63 Interrupted trips expense 69 55 55.
64 Memberships 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
65 Corporate and fiscal expenses 69 68 68.
66 Uncollectible accounts 69 68 68.
67 Clearance, customs and duties 69 64 61, 62.
68 Taxes - payroll 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68.
69 Taxes - other than payroll 51, 69 51, 68 51, 68.
71 Other expenses 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66 68.
72 Aircraft overhauls 52, 53 52, 53 52, 53.
72.1 Airworthiness allowance provisions - airframes 52, 53 52, 53 52, 53.
72.3 Airframe overhauls deferred 52, 53 52, 53 52, 53.
72.6 Airworthiness allowance provisions - aircraft engines 52, 53 52, 53 52, 53.
72.8 Aircraft engine overhauls deferred 52, 53 52, 53 52, 53.
73 Provisions for obsolescence and deterioration - expendable parts:
73.1 Current provisions 70 70 70.
73.2 Inventory decline credits 70 70 70.
74 Amortizations:
74.1 Developmental and preoperating expenses 70 70 70.
74.2 Other intangibles 70 70 70.
75 Depreciation:
75.1 Airframes 70 70 70.
75.2 Aircraft engines 70 70 70.
75.3 Airframe parts 70 70 70.
75.4 Aircraft engine parts 70 70 70.
75.5 Other flight equipment 70 70 70.
75.6 Flight equipment 70 70 70.
75.8 Maintenance equipment and hangars 70 70 70.
75.9 General ground property 70 70 70.
76 Amortization expense, capital leases:
76.1 Amortization - capitalized flight equipment 70 70 70
76.2 Amortization - capitalized other property and equipment 70 70 70
77 Uncleared expense credits:
77.8 Uncleared interchange expense credits 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
77.9 Other uncleared expense credits 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68.
78 Direct maintenance - flight equipment 52 52 52.
79 Applied burden Dr/Cr:
79.6 Flight equipment 52 Dr, 53 Cr 52 Dr, 53 Cr 52 Dr, 53 Cr.
79.8 General ground property 52 Dr, 53 Cr 52 Dr, 53 Cr 52 Dr, 53 Cr.
nonoperating income and expense
81 Interest on long-term debt and capital leases:
81.1 Interest expense, long-term debt 81 81 81
81.2 Interest expense, capital leases 81 81 81
82 Other interest:
82.1 Interest expense, short-term debt 81 81 81
83.1 Imputed interest capitalized - credit 81 81 81
83.2 Imputed interest deferred - debit 81 81 81
83.3 Imputed interest deferred - credit 81 81 81
83.4 Interest capitalized - credit 81 81 81
84.1 Amortization of discount and expense on debt 81 81 81
84.2 Amortization of premium on debt 81 81 81
85 Foreign exchange gains and losse 81 81 81
89 Other nonoperating income and expense-net:
80.0 Interest income 81 81 81
86.0 Income from nontransport ventures 81 81 81
87.0 Equity in income of investor controlled companies 81 81 81
88.1 Intercompany transaction adjustment-credit 81 81 81
88.2 Dividend income 81 81 81
88.3 Net unrealized gain or loss on marketable equity securities 81 81 81.
88.4 Net realized gain or loss on marketable equity securities 81 81 81.
88.5 Capital gains and losses - operating property 81 81 81.
88.6 Capital gains and losses - other 81 81 81.
88.7 Unapplied cash discounts 81 81 81.
88.9 Other miscellaneous nonoperating credits 81 81 81.
89.1 Intercompany transaction adjustment - debit 81 81 81.
89.9 Other miscellaneous nonoperating debits 81 81 81.
income taxes
91 Provision for income taxes:
91.1 Income taxes before investment tax credits 91 91 91.
91.2 Investment tax credits utilized 91 91 91.
92 Provisions for deferred income taxes:
92.1 Current provisions for deferred taxes 91 91 91.
92.2 Application of deferred taxes 91 91 91.
92.3 Adjustment of deferred taxes 91 91 91.
93 Investment tax credits deferred and amortized:
93.1 Investment tax credits deferred 91 91 91.
93.2 Amortization of deferred investment tax credits 91 91 91.
94 Excess profits taxes 91 91 91.
discontinued operations
95 Discontinued operations:
95.1 Income from discontinued operations 96 96 96.
95.2 Loss on disposal of discontinued operations 96 96 96.
extraordinary items
96 Extraordinary items 97 97 97.
97 Income taxes applicable to extraordinary items 97 97 97.
changes in accounting principles
98 Cumulative effects of change in accounting principles 98 98 98.

[ER-755, 37 FR 19726, Sept. 21, 1972, as amended by ER-781, 37 FR 25223, Nov. 29, 1972; 37 FR 28277, Dec. 22, 1972; ER-797, 38 FR 10926, May 3, 1973; ER-841, 39 FR 11995, Apr. 2, 1974; ER-948, 41 FR 12295, Mar. 25, 1976; ER-980, 42 FR 35, Jan. 3, 1977; ER-1013, 42 FR 37515, July 21, 1977; ER-1401, 50 FR 242, Jan. 3, 1985; Amdt. 241-56, 52 FR 9129, Mar. 23, 1987; Amdt. 241-58, 54 FR 5594, Feb. 6, 1989]


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