# ASC 605-908: Revenue Recognition — Airlines Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/605/908/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:46:02.215Z to 2026-09-10T00:46:09.968Z Record version: sha256:d71b0e7193bfa17c11ad3daef5a947c190ac24773aebd56e739797a0254e9670 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908: Revenue Recognition — Airlines ### Machine-generated study aids ```json { "summary": "ASC 605-908 was the legacy industry-specific revenue recognition guidance for airlines (passenger ticket sales, frequent flyer/mileage programs, and related items). Every paragraph in Sections 05, 15, and 25 has been superseded by Accounting Standards Update No. 2014-09, so the subtopic contains no operative guidance. Airline revenue is now accounted for under ASC 606 (with airline-specific implementation guidance in ASC 606-10-55 and Subtopic 908-606).", "key_points": [ "Every paragraph of this subtopic — 605-908-05-1 through 05-2, 605-908-15-1, and 605-908-25-1 through 25-10 — is marked 'Paragraph superseded by Accounting Standards Update No. 2014-09.'", "Because the Overview/Background (Section 05), Scope (Section 15), and Recognition (Section 25) sections are all superseded, the subtopic imposes no current recognition or measurement requirements.", "ASU 2014-09 replaced legacy industry-specific revenue guidance, including airline guidance, with the single five-step model in Topic 606 (see 606-10-05-3 through 05-4).", "Under the current model an airline identifies the contract and performance obligations (e.g., the flight and any material right such as frequent flyer mileage credits) and recognizes revenue when each performance obligation is satisfied (606-10-25-1, 606-10-25-23).", "Historical financial statements or comparative periods presented before the ASU 2014-09 transition date may still reflect the superseded guidance, so students should check the effective-date and transition provisions in Topic 606.", "Airline-specific costs of obtaining or fulfilling contracts are addressed by Subtopic 340-40 rather than this superseded subtopic." ], "categories": [ "Revenue", "Industry-specific", "Transition and effective dates", "Recognition" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell — it exists only as a pointer showing that airline-specific revenue rules were eliminated by ASU 2014-09; the common mistake is citing legacy frequent flyer or ticket-breakage guidance that no longer exists. For any current airline revenue question, go straight to Topic 606 (and 908-606) instead.", "related_topics": [ "606", "908-606", "340-40", "605", "606-10-55", "908" ], "key_concepts": [ "superseded guidance", "airline revenue recognition", "passenger ticket sales", "frequent flyer program", "material right", "five-step revenue model", "industry-specific revenue guidance" ] } ``` Source downloaded (UTC): 2026-09-10T00:46:02.215Z to 2026-09-10T00:46:02.215Z Record version: sha256:7ee93e826ed05f63af468f3fb8c9cb170618e1b894c8cc2cdc0afc1e6e3a2530 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/605/908/#00-status) SEC content: no ##### [605-908-00-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:02.215Z to 2026-09-10T00:46:02.215Z Record version: sha256:dfbb2a0b770b900ce8cc2ce2b12aec114c6176bb0b8e72ff94deafc993fe0385 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Air CargoSupersededAccounting Standards Update No. 2014-0905/28/2014
AirbillSupersededAccounting Standards Update No. 2014-0905/28/2014
FareSupersededAccounting Standards Update No. 2014-0905/28/2014
Lifted Flight CouponSupersededAccounting Standards Update No. 2014-0905/28/2014
On-Line LiftsSupersededAccounting Standards Update No. 2014-0905/28/2014
On-Line Sale and Off-Line SaleSupersededAccounting Standards Update No. 2014-0905/28/2014
Revenue Passenger MileSupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-05-1SupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-05-2SupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-15-1SupersededAccounting Standards Update No. 2014-0905/28/2014
908-605-25-1 through 25-10
SupersededAccounting Standards Update No. 2014-0905/28/2014
Source downloaded (UTC): 2026-09-10T00:46:05.327Z to 2026-09-10T00:46:05.327Z Record version: sha256:944eff0cb24e872d5cab02c89dd80c37d6f56b0db4d9298e3b03a7ba1f4e7743 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/605/908/#05-overview-and-background) SEC content: no ##### [605-908-05-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:05.327Z to 2026-09-10T00:46:05.327Z Record version: sha256:9514640f7752a5ff5ed8de386fd1d96ce7b6035b4a378f0a0ff9385bcf6a9779 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-05-2](https://asc.understandingaccounting.org/asc/605/908/#605-908-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:05.327Z to 2026-09-10T00:46:05.327Z Record version: sha256:702c4c4268add26a66c354ec2741923063adee414eb0a8e2e15bd7325ffe7970 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:07.371Z to 2026-09-10T00:46:07.371Z Record version: sha256:6b4d9a9288c6d422c8e2f7901a0637b2a4a356e2d9c60c348e137a16b02dc276 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/605/908/#15-scope-and-scope-exceptions) SEC content: no ##### [605-908-15-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:07.371Z to 2026-09-10T00:46:07.371Z Record version: sha256:915da53f5970fab1b3992119d8459d01f5b87dfb3d5c4fe87c3e0310c2f82d50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:0c7d18eea7b7a69970b3571ad1a3ea69d3982686ae127ee57de85b6e0c131323 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 605-908-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/605/908/#25-recognition) SEC content: no ##### [605-908-25-1](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:f23747c4fcd9a6ed6d6bc2403f09401acb72aa42e1d311565849150186a5c13b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-2](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:e28f9b7289cc17d5fe74f0824a0fa31ca17e0c2a4c69494ca7400e8ec1bd5f5a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-3](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:93ee719c6cb64c4460b2d25a729fd21cbc87ca9774ed8b8f4f4bf0341b10828a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-4](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:891a440072deae2bbe66c9d464bbe9581b6cfca069fd5cb2873442eaa4350fd9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-5](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:3879b9554e3e027dd3e6b09cbcea4ec101851734df7288c7275af352d80162b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-6](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:4c04ccb9b61885ca425d824cb4183fb904a862e9d2dcbed04629a16417b36f3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-7](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:6a1cb0653465c8ee05c84552322b604c4c4fd386f9c98563d5f04a5eb1a2962a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-8](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:510339db4ecce2dd48fadb7d7e6d1ab2032554c85ada96fdf23e5215db88d7fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-9](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:7f00b50d03be8fe0cc89c54511390b7d0a3d8adc27c8604b19660aba5ab5f0c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [605-908-25-10](https://asc.understandingaccounting.org/asc/605/908/#605-908-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:46:09.968Z to 2026-09-10T00:46:09.968Z Record version: sha256:ad8e50db9537558f44b4ecccb033725652d94b644d4cd615d97624c48e59820b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).