# 14 C.F.R. § 1-2 (2026): 1-2 Waivers from this system of accounts and reports

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_2

## Section

- **Citation:** 14 C.F.R. § 1-2 (2026)
- **Heading:** 1-2 Waivers from this system of accounts and reports
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 14 CFR: Aeronautics and Space / Chapter II: OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION (AVIATION PROCEEDINGS) / Part 241: UNIFORM SYSTEM OF ACCOUNTS AND REPORTS FOR LARGE CERTIFICATED AIR CARRIERS / § 1-2: 1-2   Waivers from this system of accounts and reports.

## Text

A waiver from any provision of this system of accounts or reports may be made by the BTS upon its own initiative or upon the submission of written request therefor from any air carrier, or group of air carriers, provided that such a waiver is in the public interest and each request for waiver expressly demonstrates that: existing peculiarities or unusual circumstances warrant a departure from a prescribed procedure or technique; a specifically defined alternative procedure or technique will result in a substantially equivalent or more accurate portrayal of operating results or financial condition, consistent with the principles embodied in the provisions of this system of accounts and reports; and the application of such alternative procedure will maintain or improve uniformity in substantive results as between air carriers.
[ER-755, 37 FR 19726, Sept. 21, 1972, as amended at 60 FR 66723, Dec. 26, 1995]

## Nearby sections

- [14 C.F.R. § 1-1 (2026) 1-1   Applicability of system of accounts and reports.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_1.md)
- [14 C.F.R. § 1-2 (2026) 1-2   Waivers from this system of accounts and reports.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_2.md)
- [14 C.F.R. § 1-3 (2026) 1-3   General description of system of accounts and reports.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_3.md)
- [14 C.F.R. § 1-4 (2026) 1-4   System of accounts coding.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_4.md)
- [14 C.F.R. § 1-5 (2026) 1-5   Records.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_5.md)
- [14 C.F.R. § 1-6 (2026) 1-6   Accounting entities.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_6.md)
- [14 C.F.R. § 1-7 (2026) 1-7   Interpretation of accounts.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_7.md)
- [14 C.F.R. § 1-8 (2026) 1-8   Address for reports and correspondence.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_8.md)
- [14 C.F.R. § 2-1 (2026) 2-1   Generally accepted accounting principles.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S2_1.md)
- [14 C.F.R. § 2-2 (2026) 2-2   Basis of allocation between entities.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S2_2.md)
- [14 C.F.R. § 2-3 (2026) 2-3   Distribution of revenues and expenses within entities.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S2_3.md)
- [14 C.F.R. § 2-4 (2026) 2-4   Accounting period.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S2_4.md)
- [14 C.F.R. § 2-5 (2026) 2-5   Revenue and accounting practices.](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S2_5.md)
- [14 C.F.R. § 3 (2026) 3   Chart of Balance Sheet Accounts](https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S3.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T14_P241_S1_2. Check the current official text before relying on it. Not legal advice.