Accounting & Bookkeeping KBLI 51100 Risk High

Airline Accounting

Airlines have the most complex accounting: Air Traffic Liability, aircraft leases, engine overhaul provision, fuel hedging, and frequent flyer program liability. Arunika Consulting helps airlines prepare compliant books.

Common Challenges

ATL

Tickets sold but not flown — unearned revenue until passenger flies.

Aircraft Lease

Majority of fleet leased — operating vs finance classification.

Engine Overhaul

$3-8M per engine every 5-8 years — must be reserved.

Our Solutions

1

ATL Revenue

Auto recognition at departure with breakage for expired tickets.

  • Accurate revenue
2

Lease Classification

Operating vs finance lease per PSAK 73.

  • Correct balance sheet

Related Tax Regulations

PSAK 73

Leases

Aircraft operating/finance leases

PSAK 72

Revenue

Air Traffic Liability — tickets sold but not yet flown

PSAK 16

Fixed Assets

Engine overhaul and rotable spare parts

Need Help with Airline Accounting?

Consult your bookkeeping and tax needs with our professional team. Free initial consultation.

Free Consultation via WhatsApp

Frequently Asked Questions

What is Air Traffic Liability?

ATL is liability from tickets paid but flights not taken. Recorded as unearned revenue. At flight check-in, reclassified to revenue. Expired tickets recognized as breakage.

How do accounting services improve operating cost efficiency?

Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.

Can financial reports be accessed in real time?

Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.

How do you ensure reports are ready for external audits or banks?

Reports are prepared by qualified accounting professionals with clear documentation and traceable transaction data.