Effect of the load factor on the ticket price

The factor of the aircraft load or sometimes simply called the load factor is the rate of capacity of the airline. It is also known as the efficiency measure and is therefore the most commonly used estimate to describe the performance of the airline. Achieving high load factor is considerably important for the profitability of the airline, and it is interesting to identify factors that could influence the factors of the aircraft load. To describe the problem of load factor and airfare, we chose the Airbus A319 aircraft on the Bratislava (BTS) and Larnaca (LCA) routes. The data we used to calculate the individual indicators are based on real resources and give us a clear example of how the load factor affects the ticket price.