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 (fight 482) is as follows: $17.500 1,400 16,100 100.ex 3 92% Ticket revenue (175 seats x 4 occupancy $250 ticket price Variable expenses ($20.00 per person) Contribution margin Flight expenses Salaries, flight crow Flight promotion Depreciation of aircraft Fuel for aircraft Liability insurance Solaries, fight assistants tage loading and light preparation Overnight costs for flight crew and assistants at destination Total flight expenses Met operating loss $ 1,90 780 1,500 5,300 5,400 1,400 1,100 13.950 53.150) The following additional information is available about fight 482 a Members of the flight crew are paid foed annual salaries, whereas the flight assistants are paid based on the number of round trips they complete b. One-third of the ability insurance is a special charge assessed against flight 482 because in the opinion of the insurance company, the destination of the night is in a high-risk area. The remaining two-thirds would be unaffected by a decision to drop flight 482 c The baggage loading and light preparation expense is an allocation of ground crews salaries and depreciation of ground equipment Dropping light 482 would have no effect on the company's total baggage loading and flight preparation expenses. dif fight 482 is dropped, Pegasus Airlines has no authorization at present to replace it with another flight e Arcal depreciation is due entirely to obsolescence Depreciation due to wear and tear is negligible Dropping light 482 would not allow Pegasus Airlines to reduce the number of aircraft in its meet or the number of light crew on its payroll Required Required: 1. What is the financial advantage (disadvantage) of discontinuing flight 482