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.

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.

Air traffic liability means the value of tickets sold in advance of travel.

Examples of Air traffic liability in a sentence

• The Frequent flyer liability is included in the Interim Condensed Consolidated Statement of Financial Position within Air traffic liability.

• 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.

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

• The Frequent flyer liability is included in the Consolidated Statement of Financial Position within Air traffic liability.

• The shortest period before initial review is 5 days (Belgium) and the longest is 6 months (Hungary, Greece and Estonia).

• Does not include certain ancillary revenues that are purchased on the day of travel, which do not flow through Air traffic liability.

• 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.

• As of December 31, 2019 and 2018, the Company’s Air traffic liability balance as it relates to passenger tickets (excluding frequent flyer) was$425.1 million and $427.8 million, respectively, which represents future revenue that is expected to be realized over the next 12 months.

• Cash burn/flow methodology may vary by airline, and the Company's second quarter 2021 average daily core cash burn/flow may differ materially by utilizing cash burn/flow calculations that adjust for changes in working capital - including changes for Air traffic liability and cash payments for voluntary separation and extended emergency time off payments, among other items.

More Definitions of Air traffic liability

Air traffic liability or “ATL” means the value of tickets sold in advance of travel.

Air traffic liability means the value of tickets, unearned membership fees and other related fees sold in advance of travel.

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.