I didnt like her approach: she ignore the variable cost perspective and didnt go to the root cause.
If the variable cost is the same and profits has gone down, then clearly the number of passengers is not the cause behind the decline but diminshing profit margin( decreased revenue) per customer.
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If the variable cost is the same and profits has gone down, then clearly the number of passengers is not the cause behind the decline but diminshing profit margin( decreased revenue) per customer.
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