Passenger revenue means those monies wherever paid by passengers who are to embark at any U.S. port for water transportation and all other ac- commodations, services and facilities relating thereto.
Passenger revenue. Passenger ticket sales are initially recorded as a current liability in an unearned transportation liability account until transportation is provided. This current liability is released as revenue is earned, sales are refunded, or xxxxxxxx from other airlines are received.
Passenger revenue means the gross revenue (without any deduction for
Examples of Passenger revenue in a sentence
Passenger revenue is recognized when transportation is provided rather than when a ticket is sold.
The aggregate totals of weight and measurement freight shall be converted to freight payable tons of bulk, general, heavy lifts, and com- modities subject to special stevedoring rates if freight carried is subject to an over-all stevedoring agreement.(2) Passenger revenue.
Passenger revenue comprised approximately 89% of LATAM’s revenue in 2019 and 52.9% in the first half of 2021.
Passenger revenue is recognized either when transportation is provided or when the ticket expires unused rather than when a ticket is sold.
Passenger revenue increased in line with the increase of traffic volume, when COVID-19 pandemic was effectively prevented and controlled in China and the recovery of China’s civil aviation industry gained momentum during the reporting period.
More Definitions of Passenger revenue
Passenger revenue. Passenger ticket sales are initially recorded as a current liability in an unearned transportation liability account until transportation is provided. This current liability is released as revenue is earned, sales are refunded, or xxxxxxxx from other airlines are received. All routine aircraft maintenance expenses are expensed as incurred. These estimated costs are recorded as maintenance, materials and repairs in the statement of loss. Liability for overhauls and periodic major maintenance is recognised at the time the Company becomes obligated for such costs. The actual cost of periodic major maintenance and overhauls is capitalized and depreciated over the estimated useful life (which will normally be the expected interval to the next scheduled major maintenance or overhaul). Property, plant and equipment and other long lived, non-current assets, are reviewed annually at each balance sheet date for impairment losses whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Assets whose carrying values exceed their recoverable amount are written down to the recoverable amount, being the higher of market value or value in use (on a discounted cash flow basis), and the resulting impairment loss recorded in the statement of operations. To the extent that a previously recognised impairment loss no longer exists or decreases, the carrying amount of the asset will be increased to the lower of recoverable amount or depreciated cost and the resulting reversal of impairment loss will be recorded in the statement of operations. Type of Property, plant and equipment Estimated useful life Airframe and related components 113 - 162 months D checks and landing gear 21,000 flight hours or 105 months Engine shop visit 1 9,000 flight hours Engine shop visit 2 4,500 flight hours Limited life parts 20,000 cycles Buildings 20 - 50 years Flight equipment 10 years Other property, plant and equipment 3 - 5 years The estimated residual value for the airframes is US$250,000 per aircraft. The residual value for the aircraft engines is US$50,000 per engine. The residual value for flight equipment is 5%. All other property, plant and equipment have no salvage value. Where impairment losses have been recorded against property, plant and equipment, the recoverable amount is depreciated to estimated residual value using the straight-line method over the remaining estimated useful life.
Passenger revenue means those monies wherever paid by passengers who are to embark at any U.S. port for water transportation and all other accommo dations, services and facilities relating thereto.
Passenger revenue means, for any period, all “passenger revenues” included as such on the statement of operations of Lessee for such period prepared in accordance with GAAP.
Passenger revenue. Passenger ticket sales are initially recorded as a current liability in an unearned transportation liability account until transportation is provided. This current liability is released as revenue is earned, sales are refunded, or xxxxxxxx from other airlines are received. All routine aircraft maintenance expenses are expensed as incurred. These estimated costs are recorded as maintenance, materials and repairs in the statement of loss. Liability for overhauls and periodic major maintenance is recognised at the time the Company becomes obligated for such costs. The actual cost of periodic major maintenance and overhauls is capitalized and depreciated over the estimated useful life (which will normally be the expected interval to the next scheduled major maintenance or overhaul).
Passenger revenue means those monies wherever paid by passengerswho are to embark at any U.S. port for water transportation and all other accommodations, services and facilities relating thereto.
Passenger revenue means the fares collected on the Services operated in the performance of the Contract including any on bus sales of prepaid tickets (except to the extent that there is agreement between the Operator and the Council to the contrary or that the sale relates to the sale of a multi operator ticket and the Operator is obliged to pass on that revenue to the body administering the sale proceeds of multi operator tickets).
Passenger revenue means thosemonies wherever paid by passengers who are to embark at any U.S. port for water transportation and all other accommodations, services and facilities relating thereto.