 |
Code of Federal Regulations (Last Updated: July 5, 2024) |
 |
Title 14 - Aeronautics and Space |
|
Chapter II - Office of the Secretary, Department of Transportation (Aviation Proceedings) |
|
SubChapter A - Economic Regulations |
|
Part 241 - Uniform System of Accounts and Reports for Large Certificated Air Carriers |
|
Stockholders’ Equity |
§ 241.2990 - Treasury Stock.
Latest version.
-
(a) Record here the cost of capital stock issued by the air carrier reacquired by it and not retired or canceled.
(b) Separate records shall be established for each class and series of capital stock held in this account.
PROFIT AND LOSS CLASSIFICATION Section 7—Chart of Profit and Loss Accounts 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: 01Passenger: 01. 1 Passenger—first class31, 32 31, 32 31, 32. 01. 2 Passenger—coach31, 32 31, 32 31, 32. 05Mail: 05. 1 Priority31, 32 31, 32 31, 32. 05. 2 Nonpriority31, 32 31, 32 31, 32. 05. 3 Foreign31, 32 31, 32 31, 32. 06Property: 06. 1 Freight31, 32 31, 32 31, 32. 06. 2 Excess passenger baggage31, 32 31, 32 31, 32. 07Charter: 07. 1 Passenger32 32 32. 07. 2 Property32 32 32. 19Air transport—other: 19. 1 Reservation cancellation fees31, 32 31, 32 31, 32. 19. 2 Miscellaneous operating revenues31, 32 31, 32 31, 32. 08Public service revenues (subsidy) 48 48 48. Transport-related revenues and expenses: 09In-flight sales: 09. 1 Liquor and food—gross revenues48 48 48. 09. 2 Movies and stereo—gross revenues48 48 48. 09. 3 Other—gross revenues48 48 48. 09. 4 Liquor and food—depreciation expense71 71 71. 09. 5 Liquor and food—other expense71 71 71. 09. 6 Movies and stereo—depreciation expense71 71 71. 09. 7 Movies and stereo—other expense71 71 71. 09. 8 Other—depreciation expense71 71 71. 09. 9 Other—expense71 71 71. 10Restaurant and food service (ground): 10. 1 Gross revenues48 48 48. 10. 2 Depreciation expense71 71 71. 10. 3 Other expenses71 71 71. 11Rents: 11. 1 Gross revenues48 48 48. 11. 2 Depreciation expense71 71 71. 11. 3 Other expenses71 71 71. 12Limousine service: 12. 1 Gross revenues48 48 48. 12. 2 Depreciation expense71 71 71. 12. 3 Other expenses71 71 71. 13Interchange sales: 13. 1 Associated companies—gross revenues48 48 48. 13. 2 Outside—gross revenues48 48 48. 13. 3 Associated companies—depreciation expense71 71 71. 13. 4 Associated companies—other expense71 71 71. 13. 5 Outside—depreciation expense71 71 71. 13. 6 Outside—other expense71 71 71. 14General service sales: 14. 1 Associated companies—gross revenues48 48 48. 14. 2 Outside—gross revenues48 48 48. 14. 3 Associated companies—depreciation expense71 71 71. 14. 4 Associated companies—other expense71 71 71. 14. 5 Outside—depreciation expense71 71 71. 14. 6 Outside—other expense71 71 71. 16Substitute (replacement) service: 16. 1 Gross revenues48 48 48. 16. 2 Expense71 71 71. 17Air cargo service: 17. 1 Gross revenues48 48 48. 17. 2 Depreciation expense71 71 71. 17. 3 Other expense71 71 71. 18Other transport related items: 18. 1 Gross revenues48 48 48. 18. 2 Depreciation expense71 71 71. 18. 3 Other expense71 71 71. 19Other operating revenues: 19. 1 Reservations cancellation fees31, 32 31, 32 31, 32. 19. 9 Miscellaneous operating revenues31, 32, 41 31, 32, 41 31, 32, 41. Transport expenses: 21General management personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 23Pilots and copilots 51 51 51. 24Other flight personnel 51, 69 51, 55 51, 55. 25Maintenance labor: 25. 1 Labor—airframes and other flight equipment52 52. 25. 2 Labor—aircraft engines52 52. 25. 6 Labor—flight equipment52 25. 9 Labor—ground property and equipment52, 53 52, 53 52, 53. 26Aircraft and traffic handling personnel 69 26. 1 General aircraft and traffic handling personnel64, 67 61, 62, 63, 65. 26. 2 Aircraft control personnel64 61. 26. 3 Passenger handling personnel64, 67 62, 65. 26. 4 Cargo handling personnel64, 67 62, 65. 28Trainees, instructors and unallocated shop labor: 28. 1 Trainees and instructors51, 53, 69 51, 53, 55, 64,67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68. 28. 2 Unallocated shop labor53 53 53. 30Communications personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 31Recordkeeping and statistical personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 32Lawyers and law clerks 69 68 68. 33Traffic solicitors 69 67 65. 34Purchasing personnel 53, 69 53, 68 53, 68. 35Other personnel 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 36Personnel expenses 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68. 37Communications purchased 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 38Light, heat, power, and water 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 39Traffic commissions 69 39. 1 Commissions—passenger67 65. 39. 2 Commissions—property67 65. 40Legal 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 repairs52 52 43. 2 Aircraft engine repairs52 52 43. 6 Flight equipment repairs52 43. 7 Aircraft interchange charges51, 52 51, 52 51, 52 43. 8 General interchange service charges52, 69 52, 55, 64, 67, 68 52, 55, 61, 62, 63, 65, 66, 68 43. 9 Other services52, 53, 69 52, 53, 55, 64, 67, 68 52, 53, 55, 61, 62, 63, 65, 66, 68 44Landing fees 69 64 61. 45Aircraft fuels and oils 51 45. 1 Aircraft fuels51 51. 45. 2 Aircraft oils51 51. 46Maintenance materials: 46. 1 Airframes and other flight equipment52 52 46. 2 Aircraft engines52 52. 46. 6 Flight equipment52 46. 9 Ground property and equipment52, 53 52, 53 52, 53. 47Rentals 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68. 49Shop and servicing supplies 53, 69 53, 64 53, 61. 50Stationery, printing, and office supplies 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 51Passenger food expense 69 55 55. 53Other supplies 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68. 54Inventory adjustments 53, 69 53, 55 53, 55. 55Insurance—general 51, 53, 69 51, 53, 68 51, 53, 68. 56Insurance—traffic liability 69 55, 64 55, 62. 57Employee benefits and pensions 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68. 58Injuries, loss and damage 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68. 59Schedules and timetables 69 67 65, 66. 60Advertising 69 67 66. 61Foreign exchange gains and losses 69 68 68. 62Other promotional and publicity expenses 69 67 66. 63Interrupted trips expense 69 55 55. 64Memberships 53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 65Corporate and fiscal expenses 69 68 68. 66Uncollectible accounts 69 68 68. 67Clearance, customs and duties 69 64 61, 62. 68Taxes—payroll 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66, 68. 69Taxes—other than payroll 51, 69 51, 68 51, 68. 71Other expenses 51, 53, 69 51, 53, 55, 64, 67, 68 51, 53, 55, 61, 62, 63, 65, 66 68. 72Aircraft overhauls 52, 53 52, 53 52, 53. 72. 1 Airworthiness allowance provisions—airframes52, 53 52, 53 52, 53. 72. 3 Airframe overhauls deferred52, 53 52, 53 52, 53. 72. 6 Airworthiness allowance provisions—aircraft engines52, 53 52, 53 52, 53. 72. 8 Aircraft engine overhauls deferred52, 53 52, 53 52, 53. 73Provisions for obsolescence and deterioration—expendable parts: 73. 1 Current provisions70 70 70. 73. 2 Inventory decline credits70 70 70. 74Amortizations: 74. 1 Developmental and preoperating expenses70 70 70. 74. 2 Other intangibles70 70 70. 75Depreciation: 75. 1 Airframes70 70 70. 75. 2 Aircraft engines70 70 70. 75. 3 Airframe parts70 70 70. 75. 4 Aircraft engine parts70 70 70. 75. 5 Other flight equipment70 70 70. 75. 6 Flight equipment70 70 70. 75. 8 Maintenance equipment and hangars70 70 70. 75. 9 General ground property70 70 70. 76Amortization expense, capital leases: 76. 1 Amortization—capitalized flight equipment70 70 70 76. 2 Amortization—capitalized other property and equipment70 70 70 77Uncleared expense credits: 77. 8 Uncleared interchange expense credits53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 77. 9 Other uncleared expense credits53, 69 53, 55, 64, 67, 68 53, 55, 61, 62, 63, 65, 66, 68. 78Direct maintenance—flight equipment 52 52 52. 79Applied burden Dr/Cr: 79. 6 Flight equipment52 Dr, 53 Cr 52 Dr, 53 Cr 52 Dr, 53 Cr. 79. 8 General ground property52 Dr, 53 Cr 52 Dr, 53 Cr 52 Dr, 53 Cr. nonoperating income and expense 81Interest on long-term debt and capital leases: 81. 1 Interest expense, long-term debt81 81 81 81. 2 Interest expense, capital leases81 81 81 82Other interest: 82. 1 Interest expense, short-term debt81 81 81 83. 1 Imputed interest capitalized—credit81 81 81 83. 2 Imputed interest deferred—debit81 81 81 83. 3 Imputed interest deferred—credit81 81 81 83. 4 Interest capitalized—credit81 81 81 84. 1 Amortization of discount and expense on debt81 81 81 84. 2 Amortization of premium on debt81 81 81 85Foreign exchange gains and losse 81 81 81 89Other nonoperating income and expense-net: 80. 0 Interest income81 81 81 86. 0 Income from nontransport ventures81 81 81 87. 0 Equity in income of investor controlled companies81 81 81 88. 1 Intercompany transaction adjustment-credit81 81 81 88. 2 Dividend income81 81 81 88. 3 Net unrealized gain or loss on marketable equity securities81 81 81. 88. 4 Net realized gain or loss on marketable equity securities81 81 81. 88. 5 Capital gains and losses—operating property81 81 81. 88. 6 Capital gains and losses—other81 81 81. 88. 7 Unapplied cash discounts81 81 81. 88. 9 Other miscellaneous nonoperating credits81 81 81. 89. 1 Intercompany transaction adjustment—debit81 81 81. 89. 9 Other miscellaneous nonoperating debits81 81 81. income taxes 91Provision for income taxes: 91. 1 Income taxes before investment tax credits91 91 91. 91. 2 Investment tax credits utilized91 91 91. 92Provisions for deferred income taxes: 92. 1 Current provisions for deferred taxes91 91 91. 92. 2 Application of deferred taxes91 91 91. 92. 3 Adjustment of deferred taxes91 91 91. 93Investment tax credits deferred and amortized: 93. 1 Investment tax credits deferred91 91 91. 93. 2 Amortization of deferred investment tax credits91 91 91. 94Excess profits taxes 91 91 91. discontinued operations 95Discontinued operations: 95. 1 Income from discontinued operations96 96 96. 95. 2 Loss on disposal of discontinued operations96 96 96. extraordinary items 96Extraordinary items 97 97 97. 97Income taxes applicable to extraordinary items 97 97 97. changes in accounting principles 98Cumulative effects of change in accounting principles 98 98 98.