Air traffic liability definition

Air traffic liability or “ATL” means the value of tickets sold in advance of travel. “ALPA” means the Air Line Pilots Association, International.
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Air traffic liability means the value of tickets sold in advance of travel.
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Air traffic liability or “ATL” means the value of tickets and other related fees sold in advance of travel. “Ancillary revenue” means the sum of non-fare passenger revenue and other revenue.
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Examples of Air traffic liability in a sentence

  • The following assumptions and estimation uncertainties may have the most significant effect on the amounts recognized in the Consolidated financial statements within the next financial year: • The Group periodically evaluates Air traffic liability and any significant adjustment is recorded in the consolidated statements of comprehensive income.

  • The Air traffic liability, comprises the proceeds from the unused air ticket or the revenues corresponding to the unused portion of a ticket sold.

  • Air traffic liability, net of credit card holdbacks, contributed $17.8 million of cash flow, primarily due to a $10.0 million advance payment received from our new co-branded credit card partner, increased credit card points deferrals and the timing of receipt of credit card settlements.

  • Tickets and related services sold and not used, corresponding to advanced ticket and related services sales (Air traffic liability) are recorded in current liabilities.

  • Air traffic liability primarily represents tickets sold for future travel dates and estimated refunds and exchanges of tickets sold for past travel dates.

  • The estimated future refunds and exchanges included in the Air traffic liability are compared monthly to actual refunds and exchange activities in order to monitor if the estimated amount of future refunds and exchanges is reasonable.

  • Air traffic liability represents the Company’s unearned revenue and is forecast based on a historical percentage of future revenue.

  • The following assumptions and estimation uncertainties may have the most significant effect on the amounts recognized in the Consolidated financial statements within the next financial year: The Group periodically evaluates Air traffic liability and any significant adjustment is recorded in the consolidated statements of comprehensive income.

  • Air traffic liability as of December 31, 2014 and 2013 is as follows: On December 31, 2014 the Company reviewed its estimates and assumptions related to the redemption periods of miles deferred revenue.

  • As a result, the amount of Customer travel funds held by the Company that can be redeemed for future travel as of March 31, 2020, far exceeds previous periods and represents approximately one third of the total Air traffic liability balance at March 31, 2020, as compared to approximately 13 percent of the total Air traffic liability balance at December 31, 2019.


More Definitions of Air traffic liability

Air traffic liability or “ATL” means the value of tickets sold in advance of travel.
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Air traffic liability means the value of tickets, unearned membership fees and other related fees sold in advance of travel.
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Air traffic liability means the value of tickets sold in advance of travel. “ALPA” means the Air Line Pilots Association, the union representing our pilots. “Amazon” means Amazon.com Services, LLC, together with its affiliates.
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Related to Air traffic liability

  • Traffic lane or "lane" means that portion of a roadway designed or designated to accommodate the

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • Structural damage means a covered building, regardless of the date of its construction, has experienced the following.

  • National Road Traffic Act means the National Road Traffic Act, 1996 (Act 93 of 1996);

  • Nonpoint source pollution means pollution such as sediment, nitrogen, phosphorous, hydrocarbons, heavy metals, and toxics whose sources cannot be pinpointed but rather are washed from the land surface in a diffuse manner by stormwater runoff.

  • Hostile environment means a situation in which bullying among students is sufficiently severe or pervasive to alter the conditions of the school climate;

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised;

  • Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:

  • Property damage means physical injury to, destruction of, or loss of use of tangible property.

  • InterMTA Traffic means traffic to or from WSP’s network that originates in one MTA and terminates in another MTA (as determined by the geographic location of the cell site to which the mobile End User is connected).

  • Catastrophic illness or injury means one of the following:

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Transit Traffic MOUs means all Transit Traffic minutes of use to be billed at the Transit Traffic rate by AT&T-TSP.

  • fire hydrant means a fire plug or fixed pillar fire hydrant;