Question: Question 3 Please explain why the following statements are incorrect. a. As an airline's load factor increases, its profitability improves. (2 points) Answer: b. The

Question 3 Please explain why the following statements are incorrect. a. As an airline's load factor increases, its profitability improves. (2 points) Answer: b. The number of competitors is one key determinant of industry rivalry. In most city-pair markets, only a few airlines provide non-ston flights and therefore the rivalry among airlines is Airline A's demand (2 points) PD P al trip time (2 points) . PUIDUS. L. Q 1 FSCs. Is *** www.competitive advantage? Please explain why LCCs can earn decent profit by charging much lower price than FSCs. (2 points) Answer: b. LCCs tend to use secondary airports. Is this strategy consistent with LCCs' competitive advantage? (3 points)

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