atlaaron
Posts: 973
Joined: Mon Apr 24, 2006 11:30 pm

Revenue Recognition In Airlines

Mon Nov 20, 2006 6:49 am

I was curious if anyone knows when the airline takes revenue recognition for a ticket sold? Is it the quarter in which the ticket is sold, or the quarter in which the flight is completed?
 
Thomas_Jaeger
Posts: 2204
Joined: Fri Apr 26, 2002 5:35 pm

RE: Revenue Recognition In Airlines

Fri Nov 24, 2006 10:06 pm

Aftr the passenger has boarded a flight and the flight has been closed.
Swiss aviation news junkie living all over the place
 
ANother
Posts: 1833
Joined: Thu Nov 03, 2005 2:47 am

RE: Revenue Recognition In Airlines

Fri Nov 24, 2006 11:25 pm

Quoting ATLAaron (Thread starter):
I was curious if anyone knows when the airline takes revenue recognition for a ticket sold? Is it the quarter in which the ticket is sold, or the quarter in which the flight is completed?

As each coupon is used it's value will be accounted as flown revenue.
 
LGAtoIND
Posts: 416
Joined: Sun Jan 23, 2005 5:32 am

RE: Revenue Recognition In Airlines

Sat Nov 25, 2006 10:47 am

Revenues are recognized when the passenger actually gets on the aircraft, NOT when the passenger buys the ticket.
 
atlaaron
Posts: 973
Joined: Mon Apr 24, 2006 11:30 pm

RE: Revenue Recognition In Airlines

Sat Nov 25, 2006 12:27 pm

Thank you guys!