# ASC 330-908-05: Inventory — Airlines — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/330/908/#05-overview-and-background)

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## ASC 330-908-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/330/908/#05-overview-and-background)

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##### [330-908-05-1](https://asc.understandingaccounting.org/asc/330/908/#330-908-05-1)

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This Subtopic provides guidance for inventory accounting for entities in the airline industry.

##### [330-908-05-2](https://asc.understandingaccounting.org/asc/330/908/#330-908-05-2)

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The inventories in an airline operation (that is, carrier services for passengers and/or cargo) are for internal consumption and not for sale; they therefore differ substantially from the classical definition (see Topic 330). Inventories in an airline operation comprise primarily expendable (spare) parts and materials and supplies used in the airline's operation.