Department of Transportation, Bureau of Transportation Statistics, Office of
Issue Date: 3/15/02
Effective Date: IMMEDIATELY
In the aftermath of the September 11, 2001, terrorist attacks in New York City and Washington, D.C., the U.S. Congress and the Secretary of Transportation have been carefully monitoring the continuing financial condition of the U.S. air transportation industry. During this time, Congress enacted and the Department of Transportation is in the process of administering the provisions of the Air Transportation Safety and Systems Stabilization Act, which includes direct payments to air carriers for direct losses that occurred as a result of the September 11th attacks.
As the March 31, 2002, deadline approaches for large certificated air carriers to submit their fourth quarter 2001 Form 41 financial "B" and "P" schedules, the purpose of this directive is to emphasize that it is critically important that the Department receive each carriers required reports on or before their due date.
We realize that some accounting adjustments affecting the fourth quarter 2001 reports may occur that are not finalized until after March 31, 2002. Given the Departments urgent need for access to air carriers financial reports, we are asking air carriers not to delay submitting their fourth quarter 2001 reports pending the resolution of any anticipated accounting adjustments that would not be resolved until sometime after March 31st. In these circumstances, we ask that the affected air carrier submit its financial schedules by the due date and, if necessary, submit any revised schedules to reflect any material post March 31st accounting adjustments.
We appreciate each carriers cooperation with this directive. If you have any questions regarding this directive, please contact Clay Moritz at (202) 366-4385 or e-mail email@example.com.
Donald W. Bright