Passenger revenue means those monies wherever paid by passengers who are to embark at any U.S. port for water transportation and all other ac- commodations, services and facilities relating thereto.
Passenger revenue. Passenger ticket sales are initially recorded as a current liability in an unearned transportation liability account until transportation is provided. This current liability is released as revenue is earned, sales are refunded, or xxxxxxxx from other airlines are received. Aircraft maintenance:
Passenger revenue. Passenger ticket sales are initially recorded as a current liability in an unearned transportation liability account until transportation is provided. This current liability is released as revenue is earned, sales are refunded, or xxxxxxxx from other airlines are received. Aircraft maintenance: Routine maintenance and annual periodic maintenance All routine aircraft maintenance expenses are expensed as incurred. These estimated costs are recorded as maintenance, materials and repairs in the statement of loss. Periodic major maintenance and overhauls Liability for overhauls and periodic major maintenance is recognised at the time the Company becomes obligated for such costs. The actual cost of periodic major maintenance and overhauls is capitalized and depreciated over the estimated useful life (which will normally be the expected interval to the next scheduled major maintenance or overhaul). Property, plant and equipment: Property, plant and equipment is initially recorded at cost. Cost includes all direct attributable costs of bringing the asset to working condition for its intended use. The Company capitalises borrowing costs which are directly attributable to the acquisition of an asset and which are incurred in respect of the period of time before an asset is introduced in to use or service. Property, plant and equipment and other long lived, non-current assets, are reviewed annually at each balance sheet date for impairment losses whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Assets whose carrying values exceed their recoverable amount are written down to the recoverable amount, being the higher of market value or value in use (on a discounted cash flow basis), and the resulting impairment loss recorded in the statement of operations. To the extent that a previously recognised impairment loss no longer exists or decreases, the carrying amount of the asset will be increased to the lower of recoverable amount or depreciated cost and the resulting reversal of impairment loss will be recorded in the statement of operations. Depreciation: Property, plant and equipment are depreciated to estimated residual value using the straight-line method over their estimated useful lives as follows: CAYMAN AIRWAYS LIMITED STATEMENT OF ACCOUNTING POLICIES FOR THE YEAR ENDING 30 JUNE 2010 Type of Property, plant and equipment Estimated useful life Aircraft airframe and related overhauls Airframe and related componen...
Examples of Passenger revenue in a sentence
Passenger revenue increased 15.8%, $337 million, during the quarter ended September 30, 2000 as compared to the same period in 1999, which was principally due to improvements in yield and load factor as well as new transatlantic and Latin American destinations served.
Passenger revenue increased 15.1%, $924 million, during the nine months ended September 30, 2000 as compared to the same period in 1999.
More Definitions of Passenger revenue
Passenger revenue. Passenger ticket sales are initially recorded as a current liability in an unearned transportation liability account until transportation is provided. This current liability is released as revenue is earned, sales are refunded, or xxxxxxxx from other airlines are received. Aircraft maintenance Routine maintenance and annual periodic maintenance All routine aircraft maintenance expenses are expensed as incurred. These estimated costs are recorded as maintenance, materials and repairs in the statement of loss. Periodic major maintenance and overhauls Liability for overhauls and periodic major maintenance is recognised at the time the Company becomes obligated for such costs. The actual cost of periodic major maintenance and overhauls is capitalized and depreciated over the estimated useful life (which will normally be the expected interval to the next scheduled major maintenance or overhaul).
Passenger revenue means the gross revenue (without any deduction for operating costs or charges except for commission charged to revenue in the normal course of business) of TfWRL, as stated in the Rail Services Management Accounts and statements submitted to the Authority in accordance with Schedule 11 (Rail Services Performance Meetings and Management Information), relating to:
Passenger revenue means the gross revenue (without any deduction for operating costs or charges except for commission charged to revenue in the normal course of business) of the ODP, as stated in the Rail Services Management Accounts and statements submitted to the Authority in accordance with Schedule 11 (ODP Services Performance Meetings and Management Information), relating to:
Passenger revenue means those monies wherever paid by passengerswho are to embark at any U.S. port for water transportation and all other accommodations, services and facilities relating thereto.
Passenger revenue means, for any period, all “passenger revenues” included as such on the statement of operations of Lessee for such period prepared in accordance with GAAP.
Passenger revenue means thosemonies wherever paid by passengers who are to embark at any U.S. port for water transportation and all other accommodations, services and facilities relating thereto.
Passenger revenue means those monies wherever paid by passengers who are to embark at any U.S. port for water transportation and all other accommo dations, services and facilities relating thereto.