SOLUTION: Air Midwest is considering a new service between St. Louis and Orlando. It can use existing airplanes, each of which has a capacity of 240 passengers. Maintenance, storage, etc.

Question 943252: Air Midwest is considering a new service between St. Louis and Orlando. It can use existing airplanes, each of which has a capacity of 240 passengers. Maintenance, storage, etc. for each plane costs $88,000. To fly a plane, it costs about $200 per passenger.
If the airline plans to sell tickets at $520 each, what is the breakeven number of passengers per flight?
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
If the fare charged is $520 and cost is $200, the airline profits $320 per passenger. To cover storage and maintenance: $88000/$320=275 passengers to break even.
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