[Code of Federal Regulations]

[Title 14, Volume 4]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR298.62]



[Page 262-263]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

   CHAPTER II--OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION 

                         (AVIATION PROCEEDINGS)

 

PART 298_EXEMPTIONS FOR AIR TAXI AND COMMUTER AIR CARRIER OPERATIONS

--Table of Contents

 

                    Subpart F_Reporting Requirements

 

Sec. 298.62  Reporting of financial data.



    (a) Each commuter air carrier and each small certificated air 

carrier shall file BTS Form 298-C, Schedule F-1 ``Report of Financial 

Data.'' This report shall be filed quarterly as set forth in Sec. 

298.60 of this part.

    (b) Each carrier shall indicate in the space provided, its full 

corporate name and the quarter for which the report is filed.

    (c) This schedule shall be used to report financial data for the 

overall or system operations of the carrier. At the option of the 

carrier, the data may be reported in whole dollars by dropping the 

cents. Financial data shall be reported in the following categories:

    (1) Line 1 ``Total Operating Revenues'' shall include gross revenues 

accruing from services ordinarily associated with air transportation and 

air transportation-related services. This category shall include revenue 

derived from scheduled service operations, revenue derived from 

nonscheduled service operations, amounts of compensation paid to the 

carrier under section 41732 of the Statute and other transport-related 

revenue such as in-flight sales, restaurant and food service (ground), 

rental of property or equipment, limousine service, cargo pick-up and 

delivery charges, and fixed-base operations involving the selling or 

servicing of aircraft, flying instructions, charter flights, etc.

    (2) Line 2 ``Total Operating Expenses'' shall include expenses of a 

character usually and ordinarily incurred in the performance of air 

transporation and air transportation services. This category shall 

include expenses incurred: directly in the in-flight operation of 

aircraft; in the holding of aircraft and aircraft personnel in readiness 

for assignment to an in-flight status; on the ground in controlling and 

protecting the in-flight movement of aircraft; landing, handling or 

servicing aircraft on the ground; selling transportation; servicing and 

handling traffic; promoting the development of traffic; and 

administering operations generally. This category shall also include 

expenses which are specifically identifiable with the repair and upkeep 

of property and equipment used in the performance of air transportation, 

all depreciation and amortization expenses applicable to property and 

equipment used in providing air transportation services, all expenses 

associated with the transport-related revenues included on line 1 of 

this schedule, and all other expenses not specifically mentioned which 

are related to transport operations. Interest expense and other 

nonoperating expenses attributable to financing or other activities 

which are extraneous to and not an integral part of air transportation 

or its incidental services shall not be included in this category.

    (3) Line 3 ``Net Income or (Loss)'' shall reflect all operating and 

nonoperating items of profit and loss recognized during the period 

except for prior period adjustments.

    (4) Line 4 ``Passenger Revenues-Scheduled Service'' shall include 

revenue generated from the transportation of passengers between pairs of 

points which are served on a regularly scheduled basis.



[[Page 263]]



    (d) Data reported on this schedule shall be withheld from public 

release for a period of 3 years after the close of the calendar quarter 

to which the report relates.



[ER-1399, 50 FR 20, Jan. 2, 1985, as amended by 53 FR 48528, Dec. 1, 

1988; 60 FR 43528, Aug. 22, 1995; 60 FR 66726, Dec. 26, 1995; 67 FR 

49234, July 30, 2002]