Number 130 - Reporting of Passenger Revenues on RSPA Form 41 Schedule P-1.2 "Statement of Operations"
Department of Transportation, Research and Special Programs Administration, Office of Aviation Information Management
Number 130
Issue Date: October 12, 1989
Effective Date: January 1, 1990
Part: 241
Section: 24
Paragraph: Schedule P-1.2
On November 7, 1988, the Department issued a final rule (53 rR 46284,,November 16, 1988) amending Parts 217 and 241 of the its Economic Regulations by implementing a "T-100 System" of reporting for large certificated U.S. air carriers and foreign air carriers, and revising form 41 Schedules, T-1, T-2 and' T-3. The T-100 System is a system for reporting nonstop segment data and on- flight market information. For U.S. carriers, ´among other things, it replaces service segment data, Form 41, Schedule T-9 "Nonstop Market Report," and Form 217 charter reporting. For foreign carriers, it replaces Form 217 and adds the reporting of scheduled service data. This new system of reporting becomes effective on January 1, 1990.
One of the provisions of the final rule revised the requirement for reporting scheduled passenger revenues between first class and coach fare classes on Form 41, Schedule P-1.2 "Statement of Operations." Effective with the reporting period beginning January 1, 1990, only Group III air carriers conducting scheduled operations are required to report passenger revenues by service class (first class and coach) for, their international entities.
The reporting instructions in Section 24 of Part 241 require Schedule P-1.2 to be filed for each operating entity and for the overall or system operations of the air carrier. Currently, passenger revenues are reported as Account 3901.1 "Passenger-First Class" and Account 3901.2 "Passenger-Coach" an Schedule P-1.2 for all entities by U.S. carriers. To accommodate the change in limiting the service class reporting of passenger revenues to the international entities, Schedule P-1.2 has been modified by adding Account 3901 "Transport Revenues-Passenger." Supplies of the revised Schedule P-1.2 will be mailed to carriers before the March 1990 quarter is due. In the meantime, a copy of the revised Schedule P-1.2 format is provided as Attachment A for your information.
To facilitate the reporting of passenger revenues on revised Schedule P-1.2, the following instructions are provided.
REPORTING BY GROUP III AIR CARRIERS WITH SCHEDULED PASSENGER INTERNATIONAL OPERATIONS
- System and Domestic Entities: Passenger revenues shall be reported in total only as Account 3901 "Transport Revenues-Passenger."
- International Entities (Atlantic, Pacific and Latin America): Passenger revenues shall be separately reported for first class and coach passengers. and in total. Accordingly, passenger revenues will be reported as Accounts 3901.1 "Passenger,-First Class," 3901.2 "Passenger-Coach" and 3901 "Transport Revenues-Passenger"
REPORTING BY ALL OTHER AIR CARRIERS FILING FORM 41 SCHEDULE P-1.2
System, Domestic, and International Entities (Atlantic, Pacific and Latin America): Passenger revenues reported for any of these entities shall be reported in total only as, Account 3901 "Transport Revenue-Passenger."
Any questions regarding this directive should be addressed to Mr. Clay Moritz on (202) 366-4385.
This action is taken under authority delegated in section 385.27(b) of the Department's Organization Regulations (l4 CFR Part 385.27(b)).
Robin A. Caldwell
Director
ATTACHMENT
"All Other Air Carriers" includes Group III air carriers conducting only domestic entity operations, all Group II air carriers, and all Group I air carriers with annual operating revenues of $20 million or more. Carriers conducting only charter operations are not affected by this Schedule P-1.2 revision.
Air Carrier _________________________
Operation ____________________________
Satement of Operations
| Account No. | Quarter Ended_______, 20 _________ |
12 Months Ended____________, 20 _______ |
|
|---|---|---|---|
| OPERATING REVENUES | |||
| Passenger-First Class | 3901.1 | ||
| Passenger-Coach | 3901.2 | ||
| Transport Revenues-Passenger | 3901 | ||
| 3905 | |||
| Property Freight | 3906.1 | ||
| Property-Excess Passenger Baggage | 3906.2 | ||
| Charter-Passenger | 3907.1 | ||
| Charter-Property | 3907.2 | ||
| Reservation Cancellation Fees | 3919.1 | ||
| Miscellaneous Operating Revenues | 3919.2 | ||
| Public Service Revenues (Subsidy) | 4808 | ||
| Transport-Related Revenues | 4898 | ||
| Total Operating Revenues | 4999 | ||
| OPERATING EXPENSES | |||
| Flying Operations | 5100 | ||
| Maintenance | 5400 | ||
| Passenger Service• | 5500 | ||
| Aircraft and Traffic Servicing• | 6400 | ||
| Promotion and Sales• | 6700 | ||
| General and Administrative• | 6800 | ||
| General and Administration + | 6900 | ||
| Depreciation and Amortization | 7000 | ||
| Transport-Related Expenses | 7100 | ||
| Total Operating Expenses | 7199 | ||
| Operating Profit or Loss | 7999 | ||
| NONOPERATING INCOME AND EXPENSE | |||
| Interest on Long-Term Debt and Capital Leases | 8181 | ||
| Other Interest Expense | 8182 | ||
| Foreign Exchange Gains and Losses | 8185 | ||
| Capital Gains and Losses-Op. Prop. | 8188.5 | ||
| Capital Gains and Losses-Other | 8188.6 | ||
| Other Income and Expenses-Net | 8189 | ||
| Nonoperating Income and Expense | 8199 | ||
| Income before Income Taxes | 8999 | ||
| INCOME TAXES FOR CURRENT PERIOD | 9100 | ||
| Income before discontinued operations, extraordinary items and accounting changes | 9199 | ||
| DISCONTINUED OPERATIONS | 9600 | ||
| EXTRAORDINARY ITEMS | 9796 | ||
| Income taxes applicable to extraordinary items | 9797 | ||
| ACCOUNTING CHANGES | 9800 | ||
| Net Income | 9899 |
*Denotes inverse amount; in accounts 8100, 9600, 9700 & 9800 + Group I Air Carriers Only denotes debit amount.
+ Group I Air Carriers Only
• Group II and Group III Air Carriers Only