thinking about dropping several flights that appear to be unprofitable. A typical income statement for one round-trip of one such flight (flight 482) is as follows: Ticket revenue (100 seats x 40% occupancy x $70 $ 2,800 100.0% ticket price) Variable expenses ($14.00 per person) Contribution margin Flight expenses: 560 2,240 80% Salaries, flight crew Flight promotion Depreciation of aircraft Fuel for aircraft Liability insurance salaries, flight assistants Baggage loading and flight preparation Overnight costs for flight crew and assistants S 300 710 Book 175 210 740 175 Print 50 2,840 at destination erences Total flight expenses Net operating loss $ (600) The following additional information is available about flight 482