Airlines
Our experience with the airline industry spans from charter air operations to regional airlines to a flight training academy. Our audit clients have included a publicly traded "Continental Connection" regional airline company. Our services to the airline industry include audit, tax, internal controls reviews and assisting in the IPO process. We are experienced in the accounting issues of the airline industry, including accounting for maintenance costs and power-by-the-hour maintenance arrangements, leases of aircraft and fleets assets, fleet acquisition cost and associated depreciation, lease return conditions, code share agreements and revenue recognition, revenue related to planned major maintenance received under capacity purchase agreements and frequent flyer program accounting.