I generally breeze over the load factors.
I mean if you're selling:
- 20 seats and you only manage to sell 16, then you'll have an 80% load factor.
- 10 seats and you only manged to sell 8, then you'll have an 80% load factor.
So even though you've reduced the number of seats available to be sold/consumed, in both cases your load factor remains steady. ASK, RPK, unit cost etc are all far more useful in my opinion.
Yet to read the report fully.