b . Comment on trends found in the ratios computed in ( a ) . [ 3 marks ]

c . Comment on the passenger load factor . [ 1 mark ]

Etihad Airways had the following results for the last two years: (In thousands of dollars) Operating expenses Operating revenues Long-term debt Operating property Passenger load factor Required a. Calculate the following for 2020 and 2019: [6 marks] 1. Operating ratio. 2. Long-term debt to operating property. 3. Operating revenue to operating property. No. 3. Item 2020 2020 3,100,000 3,780,000 1,820,000 1,950,000 66.50% 2019 2,960,000 3,340,000 1,790,000 1,950,000 57.80% 2019