Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the company's performance, the company is thinking about dropping several flights that appear to be unprofitable A typical income statement for one round-trip of one such flight (flight 482) is as follows Ticket revenue (180 seats x 40% occupancy x $230 ticket price) Variable expenses ($17.00 per person) Contribution margin Flight expenses: 16,560 100.0% 1,224 7.4 15,336 92.6% $ 2,000 760 1,700 5,700 4,800 1,400 Baggage loading and flight preparation 1,900 Salaries, flight crew Flight promotion Depreciation of aircraft Fuel for aircraft Liability insurance Salaries, flight assistants Overnight costs for flight crew and assistants at destination 600 Total flight expenses Net operating loss 18,860 $(3,524)