Question 1: (20 points) Phoenix Airways Inc. is an airline company headquartered in Hong Kong. It was founded in 2010 and currently provides passenger and cargo services to more than 50 regional and international destinations. The passenger service is operated by Phoenix Airways under the brand name of Phoenix while the cargo service is provided by its wholly owned subsidiary, Phoenix Cargo. The airline operates a fleet consisting of Boeing 737, Airbus 320, Airbus A330, and Airbus A350 aircrafts. In September 2016, the airline launched a new passenger route between Hong Kong (HKG) and Los Angeles (LAX) in hopes of competing with the larger carriers in the market for long-haul flights. However, this route between Hong Kong (HKG) and Los Angeles (LAX) has continued to lose money to the point where the airline has been forced to consider whether to discontinue it. Required: Discuss factors that will affect the companys decision to discontinue the HKG-LAX route, including quantitative and qualitative factors (please limit your answer to 500 words or less).

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