Why is this statement totally correct? The airline industry operates under high fixed costs, including labor, aircraft maintenance, and operational expenses, which remain constant regardless of the number of passengers flown. Therefore, revenue management helps airlines offset these fixed costs by strategically pricing seats to ensure optimal capacity utilization and revenue generation. Moreover, airlines face seasonal variations in demand, market competition, and fluctuating consumer preferences, all impacting seat pricing and demand. Revenue management enables airlines to dynamically adjust pricing based on supply and demand, competition, and route profitability, thus optimizing revenue potential across different market conditions