“For a pupil, a grade of 65 p.c is nothing to jot down dwelling about. However for the airline … [industry], filling 65 p.c of the seats … is the distinction between revenue and loss.
The [economy] may be simply robust sufficient to maintain all of the carriers on a money foundation, however not robust sufficient to convey any important profitability to the trade.… For the airways …, the emphasis will probably be on attempting to consolidate routes and lift ticket costs.…”
The airline trade is infamous for increase and bust cycles. Why is airline profitability very delicate to those cycles? Do you suppose that in a down cycle the technique to consolidate routes and lift ticket costs is affordable? What would make this technique succeed or fail? Why?Get accounting task homework assist