DEVELOPMENTS OF COST ACCOUNTING CONCEPTS OF SCHEDULED COMMERCIAL AIRLINES.
Air transportation has its peculiar economic problems which in turn have determined the industry's approach to cost accounting. The result of the economic and technical forces at work has been that the plane-mile method of accounting for costs is as antiquated as the pre-war plane flying on a plane-mile subsidy. Recognizing the new developments, the scheduled air carriers and the Civil Aeronautics Board developed a new system of account classification which was published as the Uniform System of Accounts for Air Carriers. This system went into effect as of January 1, 1947. At the same time the recurrent reports required by the Civil Aeronautics Board were completely overhauled, and financial reports were placed on a quarterly instead of a monthly basis. The application of any kind of real accounting for the cost of useful service performed will no doubt result in establishing the fact that nonstop flights are much less costly than flights with frequent stops, and that long-haul traffic is far more profitable than shorter haul.
- DOI
- 10.2308/tar-7063510
- Volume
- 24 (1)
- Pages
- 61-67
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref