Aircrafts are the core revenue earning assets for an airline. Everything else revolves around it. Higher the number of flying hours or higher the fleet utilization, higher will be the revenue; assuming other factors to be constant. Higher fleet utilization is a combination of two factors. On one hand, there has to be higher passenger load factor (PLF) per flight, i.e., more number of revenue passengers per flight means more revenue for the airline. If one airline is flying with 70 per cent passenger capacity and the other with 80 per cent on the same route and charging the same fare, the one
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