AirOxford owns one jet and operates flights between Oxford and the Fiji Islands. Flights leave Oxford on Mondays and Thursdays and return to Oxford from Fiji on Wednesdays and Saturdays; there is only one flight on each of these days. AirOxford cannot offer any more flights between Oxford and Fiji. Only economy-class seats are available on its plane. All tickets are booked through local travel agents. The following information pertains to AirOxford's operation. Plane's seating capacity 360 passengers Average number of passengers per flight 200 passengers Flights per week (one-way) 4 flights Flights per year (flights per week x 52 weeks) 208 flights Average one-way air fare $500 per passenger Fuel costs $70 per passenger Food and beverage service costs (all paid by AirOxford, no charge to passengers) $20 per passenger Commission paid to travel agents by AirOxford 8% of fare Fixed annual lease costs, allocated to each flight $53,000 per flight Fixed annual ground service costs (maintenance, check in, baggage handling), allocated to each |$7,000 per flight flight Fixed annual flight crew salaries, allocated to each flight $4,000 per flight