Show me the steps to solve this case study. TruNorth Airlines Corporation $($TruNorth$)$ is a mid$-$sized airline that operates domestic flights within Canada. The TruNorth management team is considering introducing a new route between Toronto, Ontario and Kelowna, British Columbia $($Toronto$-$Kelowna route$).$ The distance to fly between these two cities is approximately $3,000$ kilometers and takes on average $5$ hours one$-$way. The company plans to start by operating one daily round$-$trip flight $($i$.$e$.,$ two one$-$way flights$)$ for the new route. TruNorth leases the aircraft for all of its flights and would need to lease another aircraft in order to operate the new route. The average lease cost for an aircraft is $$250,000$ per month. The aircraft can hold up to $200$ passengers. TruNorth will charge an average ticket price of $$150$ per passenger for the Toronto$-$Kelowna route per one$-$way flight. Other operating costs for the new route are as follows: Operating Expense Amount Pilot salaries $$120,000$ per year Cabin crew and grounds crew $$25$ per hour $($per employee$)$ Marketing and promotion $$30,000$ per month Airport gate and slot fees $$50,000$ per month Fuel $$2,500$ per one$-$way flight Catering and passenger services $$500$ per one$-$way flight $+$ $$1$ per passenger Maintenance $$1,500$ per one$-$way flight Two new pilots would be hired to operate the new route, which would cost a total of $$120,000$ per year $($paid out monthly$).$ Cabin crew and grounds crew are paid hourly and their hours vary directly with the hours required to operate the new route. TruNorth would need to have three cabin crew on each one$-$way flight and five grounds crew to help with each one$-$way flight. The cabin crew are usually required to work for $7$ hours per one$-$way flight per person, including time before and after the flight. The grounds crew are responsible for ground handling, baggage handling, refueling, etc. Each one$-$way flight requires $3$ hours per grounds crew employee. TruNorth would need to hire six additional cabin crew employees for the new route. TruNorth would not need to hire additional grounds crew for the new route but would increase working hours for current grounds crew members. TruNorth earns additional revenues from baggage fees, in$-$flight sales $($e$.$g$.,$ food, drinks, and merchandise$),$ and advertising partnerships. TruNorth charges $$10$ per passenger for baggage fees per one$-$way flight. On average, $60\%$ of its passengers pay baggage fees. In$-$flight sales average $$5$ per passenger per one$-$way flight. TruNorth earns a fixed $$3,000$ per month for in$-$flight and terminal advertisements for each flight route, irrespective of the number of flights for that route. TruNorth$$s management team has come to you, an accountant for TruNorth, to prepare a report for them to help to decide if the new route should be pursued. If TruNorth plans to operate one round$-$trip flight per day for the new Toronto$-$Kelowna route, determine the average number of passengers per one$-$way flight required for TruNorth to breakeven. Assume that they would fly $30$ days per month. Based on your answer calculate the load factor $($i$.$e$.,$ the percentage of seats filled per flight$)$ required to breakeven. Provide your detailed calculations in an Appendix.