Question: Define passenger load factor , CASM ( Cost per Available Seat Mile ) , PRASM, O&D revenue, and total airline operating trip costs ( all

Define passenger load factor, CASM (Cost per Available Seat Mile), PRASM, O&D revenue, and total airline operating trip costs (all in commercial aviation terms). What is the relationship between load factor and cost per unit (for example, cost per seat mile or per passenger)?

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