Chihi Airways had the following results for the last three years

| June 14, 2018

P 12-6. Chihi Airways had the following results for the last three years:200720062005(In thousands of dollars)Operating expenses$1,550,000$1,520,000$1,480,000Operating revenues1,840,0001,670,4001,620,700Long-term debt910,000900,500895,000Operating property995,000990,000985,000Passenger load factor66.5%59.0%57.8%Required a. Calculate the following for 2007, 2006, and 2005:1. Operating ratio2. Long-term debt to operating property3. Operating revenue to operating propertyb. Comment on trends found in the ratios computed in (a).c. Comment on the passenger load factor.

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