Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The marketing manager for a sector of flights for Global Airways is assessing the impact of an alteration in the capacity of seats offered on

The marketing manager for a sector of flights for Global Airways is assessing the impact of an alteration in the capacity of seats offered on the sector (e.g. Boston-Germany). The data on number of passengers per day, number of flights per day, the passenger seat capacity per day, the average ticket revenue per passenger, the average crew cost per flight and the fixed operating cost per flight are reported for the previous year and this year:
Measure of Performance Previous Year This Year
Number of Passengers per day 1168513
Number of Flights per day 54
Seat Capacity per day 14601140
Average Ticket Revenue per passenger $1200 $1560
Average Crew Cost per flight $25200 $21760
Fixed Operating Cost per flight $25000 $40000
Calculate the percent change from the previous year to this year for revenue per seat (per day). Specify the percent change as a whole number by rounding.
-54.32
-27
Feedback:
What is the productivity ratio? To compute Revenue per dayper day by the Revenue per passenger.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Creating An Environment For Successful Projects

Authors: Randall Englund , Robert J. Graham

3rd Edition

1523085487, 1523085509, 9781523085484, 9781523085507

More Books

Students also viewed these General Management questions

Question

Who among the regarded as a disciple of Socrates?

Answered: 1 week ago

Question

explain the concept of Symbolism in English Literature.

Answered: 1 week ago