What is load factor comparison in transportation?
An example of an AI chatbot conversation about load factor comparison in transportation.
What is load factor comparison in transportation?
Load factor comparison is a metric used to evaluate the efficiency of transportation services by comparing the actual load carried to the maximum capacity.
Why is load factor important for airlines?
Load factor is crucial for airlines as it directly impacts profitability; higher load factors mean more revenue per flight.
How do you calculate load factor?
Load factor is calculated by dividing the number of revenue passenger kilometers (RPK) by the available seat kilometers (ASK) and multiplying by 100.
Can you give an example of load factor comparison?
Sure! If an airline has 150 seats and sells 120 tickets, the load factor is (120/150) * 100 = 80%.
What factors can affect load factor?
Factors include seasonality, pricing strategies, competition, and route popularity.
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