cost per available seat-mile

Dead Companies Walking

by Scott Fearon  · 10 Nov 2014  · 232pp  · 71,965 words

the numbers and plotted out the company’s earnings models, I found something intriguing: of all the airlines in business, Texas Air had the lowest “cost per available seat-mile,” meaning it could charge less for tickets and still make a healthy profit. I checked and rechecked my calculations to make sure they were correct