Question 1: Read the articles

(i) Cost structure of the airline industry in general https://insideiim.com/the-fascination-to-fly

(ii) Cost structure of a low-cost carrier (Air Asia India) http://theflyingengineer.com/tag/cost/

Answer this question: Compare and contrast the cost structure of (i) the airline industry in general and (ii) the low-cost carrier, in terms of cost classifications. (40 marks)

Question 2: Read the articles and watch the related video

(i) https://www.channelnewsasia.com/news/cnainsider/covid-19-grounded-thousands-planes-thisis-what-happens-airlines-13023208

(ii) https://www.theedgemarkets.com/article/airasia-group-2q-net-loss-rm99289m-versusrm1734m-net-profit-year-earlier

Answer this question: Discuss the impact of Covid-19 on the profitability of the airline industry - general and low-cost carriers alike, due to its cost structure - cost classification and cost behaviour.