On-Time Performance Code [Aeronautics and Space] Law & Legal Definition

According to 14 CFR 234.2 [Title 14 Aeronautics and Space; Chapter II Office of the Secretary, Department of Transportation (Aviation Proceedings); Subchapter A Economic Regulations; Part 234 Airline Service Quality Performance Reports], On-Time Performance Code means “a single character determined in accordance with the provisions of this part that reflects the monthly on-time performance of certain nonstop flights and single plane one-stop or multi-stop flights, the schedule and availability of which are listed in a computer reservation system ("CRS") regulated by 14 CFR Part 255.”