Why is load factor such an important measure of an airline’s operational and financial performance?

Learning Goal: I’m working on a management writing question and need an explanation and answer to help me learn.hello, I have these 7 questions about Airline Operations and Management. and I need it to be done ASAP. I’m not looking for long essay answer it is just 4-5 sentences as needed to answer the question. So, if you have no idea about the topic please do not wast my time and yours. here are the questions 1-Name five (5) former trunk carriers no longer in existence.2-Describe the function of an airline’s Board of Directors.3-Why is load factor such an important measure of an airline’s operational and financial performance?4-What are some of the underlying factors causing the cyclical nature of profits in the airline industry?5-Is the recent round of airline mergers good for the industry? Why?6-List five (5) characteristics of oligopolies.7-List and describe two of the three levels of management in an organization.
Requirements: 1 page

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